Indian equity markets traded higher on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict.
At the close, the Sensex fell 733.22 points, or 0.90%, to 80,426.46, while the Nifty ended 236.15 points, or 0.95%, lower at 24,654.70.
At close, the Sensex was down 466.26 points or 0.56% at 82,159.97, and the Nifty was down 124.70 points or 0.49% at 25,202.35.
The stock market on Thursday erased all the intraday losses in the final hour of buying. Indices remained under pressure for the most part of the session.
The Reserve Bank of India’s June 2025 policy surprised markets with its boldness ~ slashing the repo rate by 50 basis points to 5.5 per cent, cutting the Cash Reserve Ratio (CRR) by a substantial 100 basis points, and pivoting its policy stance from accommodative to neutral.
The Indian stock markets closed flat on Monday as selling was seen in the auto, pharma, FMCG, and metal sectors.
Markets lost on the first four days of the week and extended losses for five consecutive days before a complete turnaround happened on Friday, which was the first day of the August futures series.
According to the findings, more than 70 per cent (seven out of 10) of individual intraday traders in the equity cash segment have incurred losses in FY2022-23.
BSESENSEX gained 85.31 points or 0.11 per cent to close at 80,609.65 points. NIFTY gained 28.75 points or 0.12 per cent to close at 24,530.90 points.
The export of cars from India registered 18.6 per cent year-on-year (Y-o-Y) growth amid strong demand in key markets.
