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Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in opening trade on Tuesday a day after the terrible stock market crash. While BSE Sensex went above 74,300, Nifty50 was above 22,500. At 9:16 AM, BSE Sensex was trading at 74,327.37, up 1,189 points or 1.63%. Nifty50 was at 22,532.30, up 371 points or 1.67%.
The Indian stock markets have undergone a significant decline, largely due to worldwide market disruption caused by retaliatory trade tariffs. Market experts indicate that current year’s unprecedented market lows have led investors to exercise increased caution whilst dealing with these difficult market conditions.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services says, “The heightened uncertainty and volatility that has gripped markets worldwide will linger for some more time. There are some significant takeaways from the ongoing chaos. One, the trade war is like to be confined to US and China. Others including EU and Japan have opted for negotiations. India has already started negotiations on a BTA with US. Two, the risk of a recession in the US has increased. Three, China is likely to be the worst-hit economy. Trump’s threat of another 50% tariff on China will, if carried out, almost freeze Chinese exports to US. Four, China will try to dump its products like metals in other countries, and this will keep international metal prices depressed.
“Investors may continue in wait and watch mode since it will take time for clarity to emerge. However, since India’s macros are stable and we can grow at around 6% in FY26 and the valuations are fair particularly in largecaps, long-term investors can start nibbling at high quality largecaps like the leading financials. Since Trump is unlikely to impose tariffs on pharmaceuticals at this stage, pharma stocks, which are attractively priced now, appear to be good buys,” he adds.
The aggregate market capitalisation of NSE-listed firms has declined by $280 billion across three trading sessions following the U.S. tariff announcement.
On Monday, foreign institutional investors offloaded Indian equities worth $1.05 billion, marking the largest single-day withdrawal since February 28.
“The current investor sentiment is characterised by uncertainty and fear, and it will persist till the time a new normal for global trade is established,” Shiv Chanani, fund manager of equity at Baroda BNP Paribas Mutual Fund told Reuters, whilst acknowledging that Indian equities may experience a recovery.
US markets showed mixed trends on Monday after volatile trading, with concerns about economic slowdown, recession and increasing inflation. US President Donald Trump maintained his stance on tariffs, suggesting possible additional duties on Chinese imports.
Also Check | Top stocks to sell today: Stock market recommendations for April 8, 2025
Asian equities advanced at the start following an unsteady US session, recovering from earlier declines triggered by worries over President Donald Trump’s trade policies affecting economic expansion. US index futures showed positive movement in early trades.
Gold prices increased on Tuesday, recovering from a four-week bottom in the previous session, as escalating global trade tensions between the US and its trading associates boosted safe-haven investment demand.
Oil prices increased over 1% on Tuesday, bouncing back after significant losses in previous sessions, as concerns persisted about US tariffs potentially reducing demand and triggering a worldwide economic downturn.
Foreign portfolio investors registered net sales of Rs 9,040 crore on Monday. Domestic institutional investors purchased shares worth Rs 12,122 crore.
FIIs’ net short position increased from Rs 86,592 crore on Friday to Rs 1.07 lakh crore on Monday.
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