Sensex and Nifty Recover Post-Tariff Losses; Over 2,300 Stocks Advance on NSE

On Tuesday, overall market breadth remained positive, as 2,397 stocks advanced while 306 declined.

Market Update at 12:00 PM: Indian stock markets climbed on Tuesday, aligning with a global rebound after U.S. President Donald Trump hinted at possible tariff relief. This move lifted domestic indices closer to recovering all the ground lost since the tariff announcement earlier this month.

During early trading hours, both the Nifty and Sensex crossed their April 2 closing levels of 23,332.35 and 76,617.44, respectively, benchmarks not seen since the U.S. introduced steep retaliatory tariffs impacting nations including India.

By 11:45 a.m. IST, the Nifty 50 was trading higher by 2.1 per cent to 23,300, while the Sensex advanced 2.09 per cent to 76,726.08.

Even as Indian markets rebounded sharply, broader Asian markets remained in the red.

By midday, the top gaining stocks that lifted Nifty 50 higher were HDFC Bank (+107.88 pts), ICICI Bank (+55.16 pts), and Larsen & Toubro (+34.87 pts). On the other hand, Nestle India (-0.43 pts) and Hindustan Unilever (-1.11 pts) were among the stocks putting downward pressure on the index.

On Tuesday, overall market breadth remained positive, as 2,397 stocks advanced while 306 declined. The Nifty Mid-Cap 100 and Nifty Small-Cap 100 indices were trading in green, where Nifty Mid-caps were up by 1.97 per cent, and Nifty Small-cap was up by 2.68 per cent

On the sectoral front, all sectors recorded gains, with Nifty Realty, up more than 4 per cent, being the top-gaining sector. 

Currently, 35 stocks are trading at their 52-week high, and 13 stocks are at their 52-week low. On the NSE, 133 stocks have hit their upper circuit, while 33 stocks are locked in their lower circuit.

Market Update at 09:40 AM: Indian benchmark indices opened on a strong note Tuesday following a long weekend, supported by positive cues from global markets. The uptrend came after U.S. President Donald Trump excluded electronic items like smartphones and computers from hefty reciprocal tariffs, prompting a relief rally worldwide.

As of 09:18 a.m. IST, the Nifty 50 climbed 1.98 per cent to 23,279.05, while the BSE Sensex advanced 2 per cent to 76,656. Indian stock markets remained closed on Monday due to a local holiday.

At the opening bell, all 13 key sectoral indices were trading in the green. Financials, which carry significant weight in the index, rose by 2.2 per cent. Broader indices, including small-cap and mid-cap stocks, also moved up, gaining 1.3 per cent each.

Trump had previously announced broad-based tariffs on all imports into the U.S., but over the weekend, he delayed the implementation of these duties for 90 days for several countries, excluding China. The easing stance led to improved investor sentiment globally.

Pre-Market Update at 8:15 AM: Indian equity benchmarks, Sensex and Nifty 50, are likely to start Tuesday's session on a positive note, taking cues from a global market rebound. The upbeat sentiment comes after the US decided to exclude smartphones and computers from its latest round of tariff hikes.

Gift Nifty was trading around 23,305 level, a premium of nearly 387 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.

U.S. markets closed on a strong note Monday, boosted by gains in tech stocks following the White House's decision to exclude smartphones and computers from the latest round of tariffs. The Dow Jones Industrial Average jumped 312.08 points, or 0.78 per cent, to settle at 40,524.79. The S&P 500 rose 42.61 points, or 0.79 per cent, finishing at 5,405.97, while the Nasdaq Composite advanced 107.03 points, or 0.64 per cent, ending the session at 16,831.48.

The U.S. government has granted tariff exemptions for smartphones, computers, and several electronics, many of which are sourced from China. These exemptions also remove these products from the 10 per cent "baseline" tariffs that apply to imports from most other countries, which helps reduce costs on items like semiconductors from Taiwan and Apple iPhones manufactured in India.

Meanwhile, Raphael Bostic, President of the Atlanta Federal Reserve Bank, remarked that uncertainty around the Trump administration’s tariff strategies and related policies has led to a "significant pause" in the economy. According to him, both households and businesses are holding back on major investments. As a result, he believes the Federal Reserve should maintain its current stance until more policy clarity emerges, as reported by Reuters.

Asian markets moved higher on Tuesday, taking cues from a strong overnight performance on Wall Street, where technology stocks led the rally after former U.S. President Trump announced tariff exemptions on smartphones and computers.

Japan’s Nikkei 225 advanced by 1.15 per cent, and the Topix index climbed 1.16 per cent. South Korea’s Kospi rose by 0.39 per cent, though the Kosdaq slipped 0.32 per cent. Futures for Hong Kong’s Hang Seng index also pointed towards a positive start.

On Friday, Indian equity markets witnessed a sharp surge following an announcement by US President Donald Trump regarding a 90-day suspension of the 26 per cent tariffs on India. The Sensex climbed 1,310.11 points, marking a 1.77 per cent rise to end the day at 75,157.26. Meanwhile, the Nifty 50 advanced by 429.40 points, or 1.92 per cent, closing at 22,828.55.

Gold prices edged higher as investors remained cautious amid ongoing uncertainty surrounding Trump’s tariff policies and their possible effects on global markets. Spot gold inched up by 0.1 per cent to USD 3,211.49 per ounce, following its previous session’s all-time high of USD 3,245.42. Meanwhile, US gold futures also registered a 0.1 per cent gain, reaching USD 3,227.90.

Crude oil prices also moved upward, supported by newly announced tariff exemptions and a recovery in China’s crude imports, likely driven by expectations of reduced Iranian supply. Brent crude futures increased by 0.42 per cent to USD 65.15 a barrel, and US West Texas Intermediate (WTI) crude matched the gain, climbing to USD 61.79 per barrel.

On April 11, 2025, foreign institutional investors (FII) sold shares worth Rs 2,519.03 crore, while domestic institutional investors (DII) bought shares worth Rs 3,759.27 crore.

Stocks that are banned for trading in the F&O segment on April 15, 2025, are Birlasoft Ltd, Hindustan Copper Ltd, Manappuram Finance Ltd, and National Aluminium Co Ltd.

Disclaimer: The article is for informational purposes only and not investment advice.