Share Market Alert: Stock market opened with a swing after three days off; Sensex jumped 1700 points, Nifty also rose
New Delhi| The domestic stock market opened with a positive trend on Tuesday after three days of holiday. During this period, a tremendous rise was seen in Sensex and Nifty. Sensex jumped 1,750.37 points to 76,907.63 in early trade, while Nifty was seen trading 539.8 points higher at 23,368.35.
Such was the market movement
Indian stock markets opened strongly on Tuesday amid global optimism and expectations of easing trade tensions. The acceleration came after recent statements by the US government and actions involving a freeze on tariffs. The Nifty 50 index jumped more than 539.80 points or 2.36 per cent to open at 23,368.35 points amid signs of possible tariff relief, while the BSE Sensex opened 1,679.20 points or 2.23 per cent higher at 76,836.46 points.
Improving market sentiment
Market sentiment improved with US President Donald Trump announcing more trade concessions in the semiconductor and electronics sectors. Banking and market expert Ajay Bagga said that Indian markets are determined to see positivity today. The worst of the Trump tariff tantrums is probably over. That’s the way it is for at least 90 days.
Impact of Trump’s tariff concession
US Customs has recently announced temporary tariff exemptions on major consumer and industrial electronics, including semiconductors. On Sunday, the US Commerce Secretary clarified that the relief is temporary. Trump also confirmed in a post that these measures are short-term. He said new semiconductor tariffs could be announced next week.
Greenery in global markets also
Global markets also responded positively to these developments. Asian, European and US markets all closed higher on Monday. US Big Tech companies saw gains of more than 6 percent in pre-market trading. Meanwhile, Indian investors continued to show confidence in the market. Indian SIP investors invested more than Rs 25,000 crore in equity mutual funds despite cash shortages in March, providing strong support to markets. Foreign institutional investors (FIIs) were net sellers at the last session on 11 April, withdrawing Rs 2,519 crore, while domestic institutional investors (DIIs) remained net buyers, investing Rs 3,759 crore.
