Indian stock markets open higher after bloodbath, Nifty above 22,500 points

HORNBILL TV

Indian stock indices opened higher on Tuesday, rebounding after a steep fall on Monday.

Mumbai (Maharashtra) [India], April 8 (HBTV): Indian stock indices opened higher on Tuesday, rebounding after a steep fall on Monday.

At the opening bell, the BSE Sensex stood at 74,331.00, up by 1,193.10 points or 1.63 per cent, while the Nifty 50 at the National Stock Exchange rose by 385.50 points or 1.74 per cent to 22,547.10.

All sectoral indices opened in the green, reflecting strong investor sentiment following Monday’s sharp decline, which was triggered by tariffs imposed on India by the Donald Trump-led US administration.

Major gainers at the NSE included Titan Company, Tata Steel, Hindalco Industries, Tata Motors, and Shriram Finance. On the BSE, both the Midcap and Smallcap indices were up by 2 per cent.

Commenting on market trends, 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 22,572–22,685 zone as the next upside hurdle area. On the downside, the 22,015–22,130 area is critical.’

On Monday, Indian equities experienced a sharp sell-off amid heightened concerns over the impact of tariffs on global trade and economic growth. Experts noted that investor fears were tied to the potential slowdown in global trade, which could negatively affect corporate earnings and economic performance worldwide.

During early trading on Monday, the Sensex fell by nearly 5 per cent, but it recovered some ground later in the day to close around 3 per cent lower.

Global markets mirrored this volatility. US indices also opened sharply lower on Monday, continuing the trend of sell-offs across Asia and Europe. President Donald Trump's reciprocal tariffs have sparked fears of inflation and an economic slowdown, leading to a broad-based decline in equities globally.

Experts anticipate that global economic data and the upcoming corporate earnings season will play a key role in guiding market sentiment in the near future. (ANI)