New Delhi, July 31 -- The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower on Thursday, after the US President Donald Trump announced a 25% tariff on Indian goods. The benchmark indices opened nearly a percent lower each, but recovered from day's lows.

Hindustan Unilever, Jio Financial Services, JSW Steel, Eternal and PowerGrid Corporation of India were the top gainers among the Nifty 50 constituents, leading the rebound in the market.

The Indian equity market ended higher in the previous session, with the Nifty 50 closing above 24,800 level. The Sensex rallied 143.91 points, or 0.18%, to close at 81,481.86, while the Nifty 50 settled 33.95 points, or 0.14%, higher at 24,855.05.

The highest Nifty Open Interest (...