The BSE Sensex erased early losses to close marginally up at 80,624 on Thursday, following two days of decreases, led by buying in IT, banking, and auto stocks. Market sentiment improved after several brokerages played down the broader impact of US President Donald Trump’s surprise decision to double tariffs on Indian exports. Moreover, the announcement of a meeting between Russian President Putin and President Trump in the coming days raised hopes that Washington can soften its approach toward India. US President Donald Trump has signed an executive order imposing a second wave of tariffs on Indian goods, effectively doubling the total duty to 50%, in response to India’s continued imports of Russian oil. The new duty will come into force on August 27. On the business front, Tech Mahindra, Eternal (Zomato) and HCLTech were the top gainers, while Adani Ports, Trent, and Hindustan Unilever underperformed, ranking among the key laggards.