Indian Markets Rebound a Day After Sharp Decline Triggered by Trump’s Tariff Shock
Hindustan Unilever was the sole gainer among the 30 Sensex stocks yesterday, inching up 0.25% to trade at rupees 2,250.15.
Indian Markets Rebound a Day After Sharp Decline Triggered by Trump’s Tariff Shock, latest news: On Tuesday, Indian stock markets opened in the green, rebounding from Monday’s bloodbath that wiped out nearly rupees 19 lakh crore in investor wealth.
At 9:15 AM, the BSE Sensex was up by 1,141.14 points or 1.56%, reaching 74,279.04. The broader NSE Nifty opened 401.10 points higher or 1.81%, climbing to 22,562.70.
Among the 30 Sensex stocks, Tata Steel was the top gainer at the open, rising 4.98% to trade at rupees 136.05, while Sun Pharmaceutical Industries was the only stock in the red, down 0.34%, trading at rupees 1,662.75.
Among the Nifty sectoral indices, the Consumer Durables Index saw the highest gain, rising 3.25% to reach 35,112.40.
Monday’s plunge was the worst single-day drop in the last ten months, triggered by U.S. tariff concerns that sparked a massive sell-off among investors.
As of 12:45 PM, the benchmark BSE Sensex had surged 1,542.37 points (2.11%) to 74,680.27, while the NSE Nifty was up 478.85 points (2.16%), reaching 22,640.45.
Titan Company led the rally among Sensex stocks, gaining 4.22% to trade at rupees 3,151.15, followed by Infosys and Larsen & Toubro.
On Monday, the markets had closed deep in the red, with the Sensex plunging 2,226.79 points (2.95%) to 73,137.90, and the Nifty falling 742.85 points (3.24%) to settle at 22,161.60.
Hindustan Unilever was the sole gainer among the 30 Sensex stocks yesterday, inching up 0.25% to trade at rupees 2,250.15.
( For More News, Apart from, "Indian Markets Rebound a Day After Sharp Decline Triggered by Trump’s Tariff Shock,’ Stay tuned to Rozana Spokesman)