In the opening bell, BSE Sensex was 74,331.00, up 1,193.10 points or 1.63%, while the National Stock Exchange (NSE) Nifty 50 rose 385.50 points, or 1.74%, to 22,547.10.
All sector indexes were open in green, and on the second day of the market declined, the market fell due to tariffs imposed on India by the U.S. government led by Donald Trump.
The main benefits of NSE are Titan Company, Tata Steel, Hindalco Industries, Tata Motors, Shriram Finance. On BSE, the medium and small CAP indexes increased by 2%, respectively.
Observing the markets, Akshay Chinchalkar, Head of Research at Axis Securities said, “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.”
On Monday, Indian stocks witnessed blood like the situation, reflecting growing fears about the impact of tariffs on global trade and economic growth.
Experts say investors are worried that global trade may slow down significantly, affecting global companies’ revenues and economic growth.
Market reactions reflect investors’ growing concern about international trade and the health of the global economy.
In early trading, Sensex fell 5% at some point, but as the day progressed, it cut some losses and closed 3% off.
In keeping with the turmoil in global markets following President Donald Trump’s tariff ruling, the U.S. market also witnessed bloody mud when it opened Monday morning.
Trump’s reciprocal tariffs have led to widespread declines in global financial markets, with market trends in Asia and Europe falling. Reciprocal tariffs have been sold out in global stocks, and the United States is no exception. Investors are worried that moves about global trade may increase inflation and risk economic growth.
Based on the advancement of experts, future global data and earnings seasons will guide the market.
