Kolkata: Indian equity indices Sensex 30 and Nifty 50 registered a sharp bounce back on Tuesday, April 8 after the bloodbath on April 7, 2025 under the effect of Trump’s reciprocal tariffs that roiled the equity markets all over the world. All the indices opened in the green with Sensex trading at 74,354.63 points, up 1,216.73 points (or 1.66%) and Nifty 50 trading at 22,542.65 points, up 381.05 points (or 1.72%) in early trade at 9:30 am.
The mood in the Indian stock market was also reflected in the Asian markets. On Tuesday all the major indices were trading in the green — Tokyo’s Nikkei 225 index, Hang Seng (of Hong Kong), Kospi (South Korea) and Shanghai SSE Composite index (of china). In fact, Tokyo’s Nikkei 225 index jumped by more than 5%. On April 7, Asian indices displayed the sharpest dip in 16 years. Hang Seng fell by a mind boggling 15% and the Taiwan Weighted index dived about 11%.
Major gainers
With the sole exception of TCS which was slightly lower, all the stocks comprising Sensex 30 were trading in the positive territory in Tuesday early trade. Among the biggest gainers were Titan, Adani Ports, Bajaj Finserv, State Bank of India, Axis Bank, UltraTech Cement, Larsen & Toubro and Tata Steel.
NSE data showed 2,166 advances, 196 declines and 52 unchanged out of a total of 2,414 stocks that were being traded. round 9:30 am the gainers were TECILCHEM (19.98%), SHRENIK (18.75%), SMLT (14.18%), KEYFINSERV (12.44%), ONEPOINT 11.96%), LAMBODHARA (10.97%) and GRPLTD (10%).
Monday scars fresh, concerns remain
On Monday, Trump’s reciprocal tariffs sent shivers down the equity markets all over the world and it also had a terrible effect on the Indian market. The fall on Monday — 2,226.79 points or 2.95% for Sensex and 742.85 points or 3.24% for Nifty — was described as the biggest fall in 10 months. In fact US reciprocal tariffs sparked recession concerns battering investor sentiments worldwide. At close Sensex was at 73,137.90 Nifty was at 22,161.60.
The selloff eroded investor wealth by more than Rs 12 lakh crore. Last week on Friday, the jitters spread among US investors and as a result Wall Street nosedived. Experts pointed out that Nasdaq Composite slipped in a bear market and the Dow Jones Industrial Average was in the correction mode.
On April 7, the mayhem was exacerbated by the Foreign Institutional Investors (FIIs) selling Indian stocks worth Rs 9,040.01 crore. The situation could have been worse if DIIs (Domestic Institutional Investors) didn’t buy shares worth Rs 12,122.45 crore. Some experts maintained the markets moved to an oversold position and this could signal good buying opportunities for fundamentally strong stocks.
Experts had warned that the markets could be roiled by Trump’s reciprocal tariffs that could even spark recession fears. A fresh threat by the US to impose a punitive 50% against China’s retaliatory 34% has surfaced and the tariff war between the two of the world’s biggest economies has severely dented investment sentiments. Global oil benchmark Brent crude climbed 1.32 per cent to USD 65.06 a barrel.
(Disclaimer: This blog is intended solely for educational purposes. Investing in the stock market involves risks, and it’s always advisable to consult with a financial advisor before making investment decisions.)
On April 8, all the major indices opened in the green with Sensex trading at 74,354.63 points, up 1,216.73 points (or 1.66%) and Nifty 50 trading at 22,542.65 points, up 381.05 points (or 1.72%) in early trade. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
