Benchmark indices pared most of their opening surge by midday on Thursday but continued to trade in positive territory, extending the morning’s relief rally triggered by US President Donald Trump’s decision to cancel proposed tariffs on European nations.
The traded at 82,019.24, up 109.61 points or 0.13 per cent from its previous close of 81,909.63, while the stood at 25,210.05, gaining 52.55 points or 0.21 per cent from 25,157.50 at 1.00 pm. Both indices had opened sharply higher at 82,459.66 and 25,344.15 respectively, but gave up gains as the session progressed.
Market breadth remained positive across the bourses. On the BSE, 2,798 stocks advanced against 1,228 declines, with 188 unchanged among 4,214 stocks traded. However, 216 stocks hit 52-week lows compared to 59 touching 52-week highs, while 153 stocks were locked in upper circuit and 156 in lower circuit.
led the Nifty gainers with a 5.46 per cent jump to ₹1,220.40, followed by , which climbed 3.02 per cent to ₹414.80. Adani Enterprises advanced 2.45 per cent to ₹2,081.90, Tata Motors Passenger Vehicles rose 2.14 per cent to ₹346.50, and Coal India gained 1.98 per cent to ₹422.25.
On the downside, Eicher Motors tumbled 1.82 per cent to ₹278.35, emerging as the top loser. Titan Company fell 1.60 per cent to ₹4,014.10, SBI Life Insurance dropped 1.48 per cent to ₹2,025, Jio Financial Services declined 0.78 per cent to ₹261.20, and Max Healthcare shed 0.75 per cent to ₹996.70.
Broader indices outperformed benchmarks, with the Nifty Midcap 100 surging 0.93 per cent to 58,082.35 and Nifty Next 50 climbing 0.79 per cent to 67,517.50. The Nifty Smallcap 100 rose 0.45 per cent to 16,664.25, while sectoral indices Nifty Financial Services and Nifty Bank gained 0.31 per cent and 0.30 per cent to 27,101.95 and 59,088 respectively.
The sharp moderation from opening levels suggested profit-booking after the initial euphoria, though sustained buying in select heavyweights kept indices in the green.