Stock market today: Sensex in green, jumps over 1,580 points; Nifty near 23,306 in early trade
NEW DELHI: The stock market on Tuesday marked a positive beginning for the week with Sensex up by over 1300 points. The Sensex opened with 1,694.80 points at 76,852.06 while Nifty50 was up 539,80 points at 23,368.35.
This marked the positive opening of stock market for the week as Monday was off on account of Ambedkar Jayanti. Markets had also closed at high on Friday driven by improved global cues and value buying across sectors. BSE Sensex ended that day at 75,157.26, gaining 1310.11 points or 1.77 per cent while NSE Nifty50 soared at 22,828.55, up 429.40 points or 1.92 per cent.
Market optimism increased following indications that US President Donald Trump could introduce additional trade allowances, particularly in semiconductor and electronics industries.
Ajay Bagga, Banking and Market Expert told ANI “Indian Markets are determined to see the positives today. The worst of Trump Tariff Tantrums is perhaps over, at least for 90 days at the worst. Markets will look at earnings and management guidance for clarity through the Trump Policy Uncertainty. India stands out as a strong structural domestic story, and should attract some FPI flows once the Trump Policy is crystallised”.
Meanwhile, US customs authorities recently granted temporary duty exemptions on essential consumer and industrial electronics, including semiconductors. The US Commerce Secretary explained on Sunday that these concessions are not permanent. Trump subsequently confirmed via social media that the measures are temporary, indicating potential new semiconductor tariffs in the coming week.
US markets ended positively on Monday, with the Dow Jones rising 0.78 per cent, NASDAQ increasing 0.64 per cent, and the S&P 500 advancing 0.79 per cent.
Market participants remain attentive to additional US administration announcements that could affect trade prospects and future market directions.
Financial markets worldwide responded favourably to these announcements. Asian, European, and US markets recorded gains on Monday on closing. US technology giants experienced over 6 per cent increases during pre-market trading.
Indian investors maintained their positive market outlook. Despite March’s tight liquidity conditions, Indian SIP investors contributed more than Rs 25,000 crore to equity mutual funds, offering substantial market support.
Foreign Institutional Investors (FIIs) withdrew Rs 2,519 crore as net sellers on April 11, whilst Domestic Institutional Investors (DIIs) invested Rs 3,759 crore as net buyers.
Several Indian corporations are scheduled to release their March quarter results on Tuesday, including ICICI Lombard General Insurance Company, Indian Renewable Energy Development Agency, GM Breweries, MRP Agro, Hathway Bhawani Cabletel and Datacom, and Delta Industrial Resources.
Regarding other Asian markets, Taiwan’s weighted index increased by over 1.6 per cent, South Korea’s KOSPI rose 0.79 per cent, Japan’s Nikkei 225 climbed 0.88 per cent, and Hong Kong’s Hang Seng index increased by 0.07 per cent.
