Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, continued to rally for the 7th straight session on Tuesday. While BSE Sensex surged over 650 points, Nifty50 went above 23,800. At 10:10 AM, BSE Sensex was trading at 78,541.09, up 557 points or 0.71%. Nifty50 was at 23,806.85, up 149 points or 0.63%.
Indian benchmark indices demonstrated robust performance on Monday, with significant gains driven by BFSI and IT sectors, alongside support from other segments.
Ajit Mishra, Senior Vice President – Research at Religare Broking, noted that the market’s renewed strength stemmed from FII buying in the cash market and their short-covering in derivatives. “On the technical front, Nifty has reclaimed its 200-day DEMA, reinforcing the positive sentiment. With strong buying interest across sectors, the prevailing momentum is likely to sustain. Traders should align their positions accordingly, with a keen focus on stock selection,” Mishra said.
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Osho Krishan, Senior Research Analyst – Technical & Derivatives at Angel One noted that the bulls maintained control as Nifty surpassed the 23,650 level.
The S&P 500 achieved its highest level in over two weeks on Monday, supported by gains in Nvidia and Tesla, following indications of a more balanced approach to tariffs by the Trump administration.
Asian equities advanced early Tuesday following a robust performance in US markets, driven by indications that President Donald Trump’s trade restrictions would be more limited than initially anticipated.
Gold prices decreased on Tuesday after US President Donald Trump alleviated worries by indicating that not all proposed tariffs would be implemented on April 2, alongside a Federal Reserve official indicating a prudent approach towards interest rate reductions this year.
Foreign institutional investors (FIIs) showed positive activity in Indian equities, purchasing shares valued at Rs 3,055.76 crore on Monday, while domestic institutional investors (DIIs) acquired shares worth Rs 98.54 crore.
Stock market today: BSE Sensex rises over 650 points; Nifty50 above 23,800
