Finance
Stock Market Close Highlights, Tuesday, April 8, 2025: Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, broke their three-day losing run Tuesday, rising 1.69 percent apiece after losing the previous session due to worries over higher levies for China and US President Donald Trump’s reciprocal tax.
The 30-stock Sensex ended the day at 74,227.08, up 1089.18 points, or 1.49 percent, in line with its Asian counterparts. The Nifty50 closed at 22,535.85, up 374.25 points, or 1.69 percent.
The BSE Midcap and Smallcap saw increases of approximately 1.87 and 2.18 percent, respectively, in the wider markets.
The Nifty Financial Services, FMCG, IT, PSU Bank, Auto, and Realty indices, among other sectors, saw gains of up to 2%.
Asian markets saw Tuesday’s gains of 1.51 percent for Hong Kong’s Hang Seng index, 1.58 percent for Shanghai Composite Index, and 6% for Japan’s Nikkei 225.
Every Sensex component, with the exception of PowerGrid, ended the day higher. Titan, Bajaj Finance, Larsen & Toubro, State Bank of India, and Axis Bank were among the top gainers, rising 3.25 percent, 3.21 percent, 3.07 percent, and 2.91 percent, respectively.
Investors are anticipating the outcome of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting tomorrow, as well as India Inc.’s Q4 earnings and macroeconomic data later in the week, in addition to global indicators.
However, economists warn that because investors are still focused on the wider effects of the intensifying US-led trade war, the Reserve Bank of India’s anticipated 25 basis point (bps) rate decrease on Wednesday would not provide the markets the boost they need.
Source: BS
