Stock market today: BSE Sensex rallies over 900 points; Nifty50 above 23,600 – The Times of India

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in trade on Tuesday. While BSE Sensex surged over 900 points, Nifty50 crossed 23,600. At 1:07 PM, BSE Sensex was trading at 78,030.19, up 843 points or 1.09%. Nifty50 was at 23,610.45, up 249 points or 1.07%.
The top BSE Sensex gainers at this hour were; L&T, Tata Motors, Adani Ports SEZ, IndusInd Bank and UltraTech Cement. The top losers were Zomato, Titan Company, Nestle India, Bajaj Finserv and Bajaj Finance.
The key equity indices Sensex and Nifty demonstrated a robust recovery on Tuesday, mirroring gains in Asian markets after the US President Donald Trump announced a one-month delay in tariffs for Mexico and Canada. The markets had previously declined on Monday due to concerns over trade conflicts following the Trump administration’s tariff impositions on Canada, Mexico and China.
According to Vikas Jain, Head of Research at Reliance Securities, “This move, along with a cooling trade war, strong domestic manufacturing PMI data, and the Finance Minister’s announcement in the Union Budget – especially the zero tax up to Rs 12 lakh on the new tax regime-has likely boosted market sentiment.”
The White House issued a statement on Saturday announcing Trump’s implementation of additional tariffs: 25 per cent on Canadian and Mexican imports, and 10 per cent on Chinese imports.
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V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The decline in the dollar index to 108 is a positive development. Emboldened by the excellent Budget, investors, especially DIIs, are likely to step up investment, particularly in discretionary consumption segments.”
Asian markets displayed positive momentum, with Seoul, Tokyo and Hong Kong trading in positive territory. Conversely, US markets closed lower on Monday.
Data from the exchange showed that Foreign Institutional Investors (FIIs) sold equities worth Rs 3,958.37 crore on Monday.
The global oil benchmark Brent crude experienced a decline of 0.50 per cent, reaching USD 75.58 per barrel.