India’s key stock indices jumped sharply on Tuesday morning, fueled by upbeat global signals that boosted investor confidence.
Shortly after the market opened, the Nifty 50 rose by 467 points or 2.05% to 23,295.55.
The Sensex climbed 1,569.89 points or 2.09% to reach 76,727.15.
All sectoral indices showed gains, with Nifty Auto leading the way with a nearly 3% jump.
The Nifty Bank rose by 2%, and IT, pharma, and metal stocks also posted solid advances.
Tata Motors, M&M, and Bharat Forge saw their shares rise as much as 8% in early trading.
Broader markets lagged slightly behind the main indices. Both the Nifty Smallcap 100 and Nifty Midcap 100 increased by 1.3% during the early session.
Meanwhile, the Indian rupee strengthened by 20 paise, opening at 85.85 against the US dollar.
On Friday, it had settled at 86.05 per dollar.
Analysts pointed to US President Donald Trump’s 90-day pause on tariffs as a key factor behind the market optimism.
Mandar Bhojane of Choice Broking stated, “After the positive opening, Nifty is likely to find support at 23,000, followed by 22,900 and 22,800. On the upside, 23,200 may act as the immediate resistance, followed by 23,360 and 23,500.”
Foreign institutional investors (FIIs) continued to sell for the ninth day in a row on April 11, pulling out ₹2,519 crore.
On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing ₹3,759 crore worth of shares.
Experts noted that while market momentum remains strong, swings during the day and selling near key levels could still occur.
Devarsh Vakil, Head of Prime Research at HDFC Securities, asserted, “Trump’s pivot indicates a more conciliatory approach and opens the way for negotiations. While we may have seen the worst of trade uncertainty, the road ahead is still rocky. Nevertheless, with volatility near historic extremes, there is more potential for a decline than an increase.”
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