Finance
Stock market close highlights on Thursday, August 7, 2025: Indexes of benchmarks IT and pharmaceutical stocks drove a strong recovery for the Sensex and Nifty50.
The Sensex ended the day at 80,623.26 (up 0.10 percent or 79.27 points), having recovered 811.97 points from its low of 79,811.29. Similarly, Nifty ended the day at 24,596.15, up 21.95 points, or 0.09 percent, after recovering 252 points from the day’s low of 24,344.15.
Following US President Donald Trump’s announcement earlier in the day of an extra 25% duty on Indian imports, which would effectively double the overall levy to 50%, the Sensex and Nifty plummeted.
Today marked the implementation of the 25% tariffs on Indian goods that were previously put into law last week. After a 21-day warning period, the recently announced tariffs will go into effect on August 27.
Adani Ports, Trent, and Hindustan Unilever (HUL) were among of the biggest laggards on the BSE, while Tech Mahindra, Eternal (Zomato), and HCL Technologies were the top gainers.
Adani Enterprises, Adani Ports, and Grasim were among the biggest losers on the NSE, while Hero MotoCorp, Tech Mahindra, and JSW Steel were the top gainers.
Additionally, broader indices bounced back and closed the day in the green. SmallCap ended the day 0.17 percent higher, while the Nifty Midcap 100 index concluded 0.33 percent higher.
Sector-wise, Nifty Pharma finished 0.75 percent higher, followed by IT (0.87 percent), Media (0.99 percent), Auto (0.25 percent), PSU Bank (0.29 percent), and Metal (0.13 percent).
Source: BS
