Benchmark stock market indices closed higher on Thursday as investor sentiment improved on recent comments from President Donald Trump on his plans for Greenland.
The S&P BSE Sensex added 397.74 points to close at 82,307.37, while the NSE Nifty50 gained 132.40 points to end at 25,289.90.
Vinod Nair, Head of Research, Geojit Investments Limited, said that the domestic market staged a rebound, supported by signs of relief following President Trump’s positive remarks at the Davos meeting regarding Greenland and tariff.
“Despite this, market sentiments remained cautious amid sustained rupee weakness and continued FII outflows. The initial set of corporate earnings did little to support current valuation levels. Nevertheless, investors have not ruled out the potential upside from a robust domestic demand environment, which could become more visible in the upcoming round of quarterly earnings announcements,” he added.
The market ended on a strong note with most Sensex stocks closing in the green. Bharat Electronics topped the gainers with a rise of 3.75%, followed by Tata Steel, which jumped 2.69%. Adani Ports and Special Economic Zone gained 2.57%, State Bank of India rose 1.95%, and Bajaj Finserv advanced 1.73%, reflecting broad-based buying through the session.
On the losing side, selling pressure was limited but visible in a few stocks. Eternal was the worst performer, falling 2.61%, followed by Titan, which slipped 1.50%. ICICI Bank eased 0.21%, Reliance Industries declined 0.15%, and HDFC Bank closed lower by 0.08%.
“Looking ahead, markets will closely monitor U.S. GDP growth and core inflation data later today, as well as the BoJ policy decision due tomorrow, for further cues,” said Nair.
