Indian benchmark indices Nifty 50 and Sensex opened higher on Tuesday, rebounding from their steepest single-day fall in 10 months, which was triggered by a U.S. tariff-driven selloff that spooked investors. Buying was seen across all sectors.
The BSE Sensex rose 1,206 points, or 1.65%, to 74,343, while the Nifty 50 gained 365 points, or 1.65%, to 22,527 around 9:18 am.
The Nifty and the 30-stock BSE Sensex fell 3.2% and 3%, respectively, on Monday, compared to an 8.4% drop in the MSCI Asia ex-Japan index.
Meanwhile, markets will remain in focus ahead of the Reserve Bank of India’s policy decision on the repo rate, scheduled for April 9.
The RBI is widely expected to cut the rate by 25 basis points on Wednesday, amid expectations of a more supportive monetary stance as global tariffs pose risks to economic growth.
From the Sensex pack, Titan, Adani Ports, Bajaj Finserv, Tata Steel, Axis Bank, and Tata Motors were the top gainers, rising 3–5% in early trade. On the other hand, only IT giant TCS opened in the red.
Titan shares opened 5% higher after the company reported a strong 25% year-on-year growth in Q4 FY25, driven by broad-based performance across key segments.
On the sectoral front, the Nifty Consumer Durables index surged 3%, while Nifty Metal, Realty, and Financial Services gained over 2%. In the broader market, the Nifty Midcap 100 and Smallcap 100 also opened 2% higher.
More to come...
The BSE Sensex rose 1,206 points, or 1.65%, to 74,343, while the Nifty 50 gained 365 points, or 1.65%, to 22,527 around 9:18 am.
The Nifty and the 30-stock BSE Sensex fell 3.2% and 3%, respectively, on Monday, compared to an 8.4% drop in the MSCI Asia ex-Japan index.
Meanwhile, markets will remain in focus ahead of the Reserve Bank of India’s policy decision on the repo rate, scheduled for April 9.
The RBI is widely expected to cut the rate by 25 basis points on Wednesday, amid expectations of a more supportive monetary stance as global tariffs pose risks to economic growth.
From the Sensex pack, Titan, Adani Ports, Bajaj Finserv, Tata Steel, Axis Bank, and Tata Motors were the top gainers, rising 3–5% in early trade. On the other hand, only IT giant TCS opened in the red.
Titan shares opened 5% higher after the company reported a strong 25% year-on-year growth in Q4 FY25, driven by broad-based performance across key segments.
On the sectoral front, the Nifty Consumer Durables index surged 3%, while Nifty Metal, Realty, and Financial Services gained over 2%. In the broader market, the Nifty Midcap 100 and Smallcap 100 also opened 2% higher.
More to come...
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