Indian stock markets opened strong on Tuesday, driven by global optimism and signs of easing trade tensions, particularly between the US and China.
The Nifty 50 index surged by 539.80 points (2.36%) to open at 23,368.35, while the BSE Sensex rose by 1,679.20 points (2.23%), starting the day at 76,836.46.
Investor sentiment was buoyed by recent US government signals indicating possible tariff relief, which is viewed as a step toward a broader trade agreement with China.
US President Donald Trump’s administration hinted at further trade concessions, especially in semiconductors and electronics, giving a boost to markets worldwide.
Ajay Bagga, Banking and Market Expert, told media:
“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.”
The rally followed US Customs’ announcement of temporary tariff exemptions on key electronics, including semiconductors. US Commerce Secretary later clarified that the relief is temporary, and Trump himself confirmed that new semiconductor tariffs may be introduced next week.
On Monday, global markets responded positively. Asian, European, and US markets ended higher, and US Big Tech companies saw more than 6% gains in pre-market trading.
Back home, domestic investors showed strong confidence. Despite liquidity pressures in March, Systematic Investment Plan (SIP) contributions crossed ₹25,000 crore into equity mutual funds, providing vital support.
On April 11, Foreign Institutional Investors (FIIs) pulled out ₹2,519 crore, but Domestic Institutional Investors (DIIs) balanced it by investing ₹3,759 crore.
In corporate updates, several companies are set to announce their March quarter results today, including:
- ICICI Lombard General Insurance Company
- Indian Renewable Energy Development Agency
- GM Breweries
- MRP Agro
- Hathway Bhawani Cabletel and Datacom
- Delta Industrial Resources
In other Asian markets, Taiwan’s Weighted Index gained over 1.6%, South Korea’s KOSPI rose 0.79%, Japan’s Nikkei 225 advanced 0.88%, and Hong Kong’s Hang Seng Index increased 0.07%.
In the US, all three major indexes closed higher on Monday:
- Dow Jones rose 0.78%
- NASDAQ climbed 0.64%
- S&P 500 increased 0.79%
Investors remain attentive to further updates from the US administration, as future statements could significantly impact global trade outlooks and market trajectories.