Mumbai: Sensex opened at 1,000 points higher on Tuesday a day after mega crash due to tariffs imposed by US President Donald Trump. Nifty also jumped to 22,500 points.
As of 9:35 am, the S&P BSE Sensex increased by 1,217.78 points to 74,355.68, while Nifty50 witnessed an upward trend with around 1.5 per cent increase. The NSE Nifty50 surged by 380.50 points to 22,542.10.
The major gainers at NSE were Titan Company, Tata Steel, Hindalco Industries, Tata Motors, Shriram Finance.
Meanwhile, broader markets, including the Nifty Midcap 100 and Nifty Smallcap 100 jumped over two per cent each on the BSE. Metal, IT and Nifty Realty indices also opened in green.
“The Nifty suffered its biggest fall for the year yesterday, but the over 400 point recovery at close was encouraging for bulls. The rebound resulted in a bullish belt-hold line formation with the 22572-22685, the next upside hurdle area. On the downside, the 22015-22130 area is critical,” Akshay Chinchalkar, Head of Research at Axis Securities said as reported by ANI.
Nifty On April 7:
Nifty On April 7 | X/NSE
On Monday, Indian stocks witnessed a bloodbath like situation due to the impact of tariffs imposed by Trump on global trade and economic growth. According to the experts, investors are worried that global trade could slow down significantly, affecting corporate earnings and economic growth worldwide.
Nifty Top Gainers On April 7:
Nifty Top Gainers On April 7: | X/NSE
The market reaction reflects growing concerns among investors about the future of international trade and the health of global economy.
Trump’s reciprocal tariffs have led to a broad-based fall in financial markets globally with markets plunging in Asia as well as Europe.
