Mumbai, Aug 7 || The Indian stock market settled slightly up on Thursday after witnessing a highly volatile session, sidelining the US President Donald Trump's fresh tariff jitters.
However, stocks from textiles, jewellery and auto ancillaries sectors, which have export exposures to the US, remained under pressure, but a rebound in banking, FMCG and IT stocks turned the market positive in the late session.
Sensex settled at 80,623.26, up 79.27 points or 0.10 per cent. The 30-share index started the session in negative territory at 80,262.98 against the last day's closing of 80,543.99, experiencing pressure following Trump's additional tariff announcement. However, the index recovered from the losses to touch an intra-day high of 80,737.55 amid buying in IT, Banking's and other heavyweight stocks in afternoon trade.
Nifty closed at 24,596.15, up 21.95 or 0.09 per cent.
"Early jitters from Donald Trump’s renewed tariff rhetoric — which proposed a 25 per cent additional levy on Indian imports — were largely absorbed by the market. Sectors with high U.S. export exposure like textiles, jewellery, and auto ancillaries remained under pressure, but a late-session rebound in banking and FMCG helped offset broader losses," said Vikram Kasat, Head of Advisory, PL Capital.