Stock Market Closing Bell: Taking a positive indication from the 90-day ‘Tariff Hunth’ on select countries by US President Donald Trump, the Indian stock market closed with a strong rise on Friday. Metal and financial shares, which were relieved of tariff restrictions, promoted the market. As a result, the assets of investors increased by more than Rs 7 lakh crore.
Today i.e. on Friday, the 30 -share BSE Sensex opened up about 1000 points at 74,835.49. It increased by 75,467 points during trading. Finally, the Sensex rose 1,310.11 points or 1.77% to close at 75,157.26.
Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened at 22,695.40 with a gain of over 300 points. It rose over 500 points to 22,923.90 points during trading. Finally the Nifty rose 429.40 points or 1.92% to close at 22,828.55.
Top beneficiary
Tata Steel was the highest profit among the Sensex companies. It increased by about 5%. Apart from this, Power Grid, NTPC, Reliance, Adani Ports, Kotak Bank, Eternal (New Name of Zomato), Bajaj Finserv, Bharti Airtel, HDFC Bank, Mahindra & Mahindra, Sun Pharma, Tata Motors, Bajaj Finance were in the major benefits.
Top losers
On the other hand, only Asian Paints and TCS shares closed on the red mark. January-March quarter-TCS shares declined after the weak results of 2024-25. However, it increased by 1% during trading.
Trump banned taxes for 90 days
Trump made a major announcement on 9 April that the US would not impose new tariffs on imports from most countries for the next three months. There is an atmosphere of hope in the Indian stock market after this announcement. This may pave the way for the first phase of the proposed bilateral trade agreement (BTA) to finalize the first phase between India and the US.
However, the Trump administration has increased the total tariffs on imported goods from China to 145%. However, some categories such as copper, pharmaceuticals, semiconductors and energy products are exempted from these increased charges. This has led to instability in global markets and has declined in the Asia-Pacific region’s markets.
Global signal
The US stock market saw a major decline on Wednesday, due to which the Asian markets also started weak on Thursday. The US share futures also saw weakness late on Thursday night. S&P 500 futures declined by 0.99%, Nasdaq 100 futures declined by 1.11% and Dow Jones Futures fell by 0.86%.
On Wednesday, Dow Jones Industrial Average fell 2.50% to close at 39,593.66, S&P 500 fell 3.46% to close at 5,268.05, while Nasdaq fell 4.31% to close at 16,387.31.
The post stock market closing bell: Tariff poses have a storm in the stock market, Sensex rises 1310 points; Nifty closed at 22,829 first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
