Sensex Rises 270 Points, Nifty Reclaims 25,500 Amid Financial Surge | Market Closing Bell July 8

Closing Bell: Sensex Rallies 270 Points, Nifty Reclaims 25,500 Amid Late Financial Surge; Broader Markets Lag

Mumbai, July 8:
Indian equity benchmarks ended higher on Tuesday, buoyed by a late-session rally in financial and banking stocks. The BSE Sensex surged 270 points to close at 83,712, while the NSE Nifty 50 reclaimed the 25,500 mark, settling at 25,522.50, up 61 points.

The market remained volatile for most of the day as investors tracked global cues and awaited further clarity on proposed U.S. trade tariffs. Gains were largely driven by strength in private sector banks and financial stocks, offsetting weakness in broader indices and select sectors.

Key Drivers:

• Banking & Financials Shine:
  Kotak Mahindra Bank led the gains with a 3.5% jump, followed by strength in asset managers such as HDFC AMC and UTI AMC. The financial sector gained on expectations of continued inflows and stable policy outlook.

• Small & Midcaps Under Pressure:
  Despite the headline indices’ recovery, Nifty Smallcap and Midcap indices ended lower by 0.3% and 0.2% respectively, as investors opted for profit-booking in broader markets.

• Textile Stocks Rally:
  Stocks like Alok Industries, KPR Mill, and Vardhman Textiles advanced on reports that the U.S. may impose fresh tariffs on garments from Bangladesh, potentially benefiting Indian exporters.

• Titan Tumbles:
  Titan Company dragged down consumer durables, plunging nearly 6% after its Q1 sales update disappointed analysts, particularly in the jewellery segment.

Global Trade Concerns Persist

Markets remained cautious amid uncertainty over the U.S. administration’s proposed 25% import tariffs on certain Asian goods, which could impact Indian exports. However, positive sentiment emerged as the deadline was extended to August 1, with reports of potential progress in India–U.S. trade discussions.

Sectoral Highlights:

• Top Gainers: Nifty Private Bank (+1.1%), Financial Services (+0.9%)

• Lagging Sectors: Pharma (-0.5%), FMCG (-0.3%)

Market Outlook:

Analysts expect near-term volatility to continue due to global macro developments and geopolitical factors. However, domestic cues like corporate earnings, monsoon progress, and central bank policy will remain key drivers.

“Investors are selectively betting on large-cap financials due to earnings visibility, but broader participation is lacking, reflecting caution,” said a senior analyst at Motilal Oswal.

Closing Snapshot:

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