Share Market: India’s benchmark indices, Sensex and Nifty50, opened in green on Tuesday, April 8, 2025. The Sensex (index with top 30 firms) surged 1155.39 points to open at 74,293.29 points on Tuesday. Meanwhile, Nifty50 (index with top 50 firms) opened 356 higher at 22,517.60 points.
All the sectoral indices opened in green, exhibiting strong investor’s sentiment a day after the market fell significantly due to the tariffs imposed on India by the Donald Trump-led US administration.
The major gainers at NSE were Titan Company, Tata Steel, Hindalco Industries, Tata Motors, Shriram Finance. On the BSE, Midcap and Smallcap indices were up 2% each.
On Monday, Indian stocks witnessed a bloodbath like situation, reflecting growing fears over the impact of tariffs on global trade and economic growth. The Sensex tumbled 2,226.79 points to close at 73,137.90 on Monday. Meanwhile, Nifty50 was down 742.85 points to close at 22,161.60 points. Among Sensex-listed companies, 29 stocks saw declines, while only 1 stock advanced on Monday.
Observing the markets, Akshay Chinchalkar, Head of Research at Axis Securities said, “The Nifty suffered its biggest fall for the year yesterday, but the over 400 point recovery at close was encouraging for bulls. The rebound resulted in a bullish belt-hold line formation with the 22572-22685, the next upside hurdle area. On the downside, the 22015-22130 area is critical.”
What Else For Share Market?
According to the experts, investors are worried that global trade could slow down significantly, affecting corporate earnings and economic growth worldwide.
The market reaction reflects growing concerns among investors about the future of international trade and the health of global economy.
In the early trade, the Sensex dropped 5 per cent lower at one point, but as the day progressed, it pared some of the losses and closed 3 per cent lower.
In keeping with the turmoil in global markets following President Donald Trump’s tariff decisions, the US markets also witnessed a bloodbath as they opened on Monday morning.
Trump’s reciprocal tariffs have led to a broad-based fall in financial markets globally with markets plunging in Asia as well as Europe. The reciprocal tariffs have set off a sell-off in equities globally, and the US is no exception. Investors fear that the moves concerning global trade may raise inflation, risking economic growth.
As per the experts, going ahead, global data and earnings season ahead will guide the markets.
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