New Delhi: The stock market on Tuesday marked a positive start for the week with Sensx up to more than 1300 points. Sensex opened at 76,852.06 with 1,694.80 points, while Nifty50 539,80 points were at 23,368.35.
It marked the positive opening of the stock market for the week as Ambedkar was closed due to Jayati on Monday. The markets were also closed at a high level on Friday, which were inspired by better global signals and prices in sectors. The BSE Sensex ended at 75,157.26 that day, received 1310.11 points or 1.77 percent, while Nifty50 increased to 22,828.55, 429.40 points or to 1.92 percent.
Market optimism increased after indications that US President Donald Trump could introduce additional trade allowances, especially in semiconductor and electronics industries.
Ajay Bagga, banking and market expert told ANI that “Indian markets are firm to see positivity today. Trump Tariff Tantrums may have ended the worst, at least the worst for at least 90 days. The market trump policy will look at the earnings and management guidance for clarity through uncertainty. India should be out of a strong structural domestic story.
Meanwhile, US customs authorities recently gave temporary duty exemption on essential consumers and industrial electronics including semiconductors. The US Commerce Secretary on Sunday explained that these concessions are not permanent. Trump later confirmed through social media that the measures are temporary, indicating potential new semiconductors tariffs in the coming weeks.
The US markets ended positively on Monday, Dow Jones rose 0.78 percent to NASDAQ 0.64 percent, and S&P 500 increased 0.79 percent.
Market participants are attentive to additional US administration announcements that can affect trade prospects and future market directions.
Financial markets worldwide gave a favorable response to these announcements. Asian, European and American markets recorded profit at the conclusion on Monday. During pre-market trading, American technology giants experienced an increase of more than 6 percent.
Indian investors maintained their positive market approach. Despite the tight liquidity of March, Indian SIP investors contributed more than Rs 25,000 crore to the equity mutual funds, giving adequate market support.
Foreign institutional investors (FII) on April 11 withdrawn Rs 2,519 crore as pure vendors, while domestic institutional investors (DII) invested Rs 3,759 crore as pure buyers.
Several Indian corporations have been scheduled to release the results of their March quarter on Tuesday, including ICICI Lombard General Insurance Company, Indian Renewable Energy Development Agency, GM Brueries, MRP Agro, Hathave Bhavani Keblette and Detacom and Delegacom and Delta Industrial Resources.
Regarding other Asian markets, Taiwan’s weighted index increased by 1.6 percent, South Korea’s Kospi rose 0.79 percent, Japan’s Nikkei rose to 225 0.88 percent, and Hong Kong’s Hong Seng index increased by 0.07 percent.
