{"id":65701,"date":"2025-10-23T10:31:56","date_gmt":"2025-10-23T10:31:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/23\/sensex-nifty-give-up-sharp-early-gains\/"},"modified":"2025-10-23T10:31:56","modified_gmt":"2025-10-23T10:31:56","slug":"sensex-nifty-give-up-sharp-early-gains","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/23\/sensex-nifty-give-up-sharp-early-gains\/","title":{"rendered":"Sensex, Nifty Give Up Sharp Early Gains"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.<\/p>\n<p>Markets, however, ended off their day&#8217;s highs in the wake of a flare up in trade and geopolitical tensions.<\/p>\n<p>U.S.-China tensions resurfaced after reports suggested that the Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, stoking fresh trade tensions.<\/p>\n<p>Elsewhere, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia for the first time in his second term, sending oil prices soaring.<\/p>\n<p>Oil prices were up more than 5 percent in European trade, rising for a third consecutive session on fears of tightened global supply.<\/p>\n<p>Trump slapped &#8220;tremendous&#8221; new sanctions on Russia&#8217;s two largest oil companies in a bid to pressure his Russian counterpart, Vladimir Putin, into ending the war in Ukraine.<\/p>\n<p>In another related development, EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.<\/p>\n<p>The package targets main Russian revenue streams through new energy, financial, and trade measures.<\/p>\n<p>The benchmark BSE Sensex hit a high of 85,290.06 earlier before paring gains to end the session up 130.06 points, or 0.15 percent, at 84,556.40.<\/p>\n<p>Likewise, the broader NSE Nifty index closed up 22.80 points at 25,891.40, after having hit an intraday high of 26,104.20 on optimism over an earnings revival and renewed foreign inflows.<\/p>\n<p>The BSE mid-cap and small-cap indexes ended down 0.2 percent and 0.4 percent, respectively. <\/p>\n<p>The market breadth was weak on the BSE, with 2,409 shares falling while 1,852 shared rose and 128 shares closed unchanged. <\/p>\n<p>IT stocks surged, with TCS, HCL Technologies and Infosys rallying 2-4 percent. <\/p>\n<p>Among the prominent decliners, Reliance Industries, ICICI Bank, Adani Ports, Bharti Airtel, UltraTech Cement and Eternal fell 1-3 percent. <\/p>\n<p>Globally, cues from Asia and Europe were mixed. The dollar strengthened against major peers while gold rebounded from a near two-week low hit earlier. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Give Up Sharp Early Gains<\/a><br \/>\n<br \/>2025-10-23 10:31:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":65702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-65701","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=65701"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/65702"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=65701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=65701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=65701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}