Stock markets rebound after 2-day fall as U.S. court blocks reciprocal tariffs; Sensex up 320 points
The Hindu
Stock indices rebound as US court blocks Trump's tariffs, Sensex climbs 320.70 points, Nifty up by 81.15 points.
Benchmark stock indices Sensex and Nifty rebounded on Thursday (May 29, 2025) after two days of decline, mirroring a rally in global markets as a U.S. court blocked President Donald Trump's reciprocal tariffs.
The 30-share BSE Sensex climbed 320.70 points or 0.39% to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it jumped 504.57 points or 0.62% to 81,816.89.
The 50-share NSE Nifty went up by 81.15 points or 0.33% to 24,833.60. The index swung sharply in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers.
Among Sensex firms, IndusInd Bank climbed 2.41% a day after markets regulator Sebi barred its former CEO, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares.
Sun Pharma, Adani Ports, Eternal, Tata Steel, Tech Mahindra and Axis Bank were also among the gainers.
Bajaj Finance, ITC, Bajaj Finserv and Asian Paints were among the laggards.
Investors rejoiced a U.S. federal court’s decision to block President Donald Trump's sweeping reciprocal tariffs on imports.
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