Sensex and Nifty Jump Over 2% as Global Signals Lift Investor Confidence
Click to start listening
Synopsis
On April 15, India's major equity indices saw a significant increase, with the Nifty 50 and Sensex rising over 2% during early trading. The surge was fueled by positive global signals, leading to increased investor confidence, particularly in sectors like auto and banking.
Key Takeaways
- Sensex and Nifty both surged over 2%.
- Positive global cues improved investor sentiment.
- Nifty Auto led the gains, jumping nearly 3%.
- FIIs continued to sell, while DIIs were net buyers.
- Market volatility and profit booking may occur.
Mumbai, April 15 (NationPress) In a remarkable bull rally, India's leading equity indices experienced a significant surge during the early trading session on Tuesday, as positive global signals bolstered investor confidence.
Following the opening bell, the Nifty 50 was up by 467 points or 2.05 percent at 23,295.55, while the Sensex advanced by 1,569.89 points or 2.09 percent to reach 76,727.15.
Every sectoral index was in the green, with Nifty Auto leading the way, soaring nearly three percent. The Nifty Bank index also jumped two percent, and significant gains were recorded in the IT, pharma, and metal sectors.
Shares of Tata Motors, M&M, and Bharat Forge surged by up to eight percent in early trading.
However, the broader markets lagged behind the benchmarks, with the Nifty Smallcap 100 and Nifty Midcap 100 both rising by 1.3 percent.
The Indian Rupee appreciated by 20 paise, opening at 85.85 against the US dollar, compared to its previous close of 86.05 on Friday.
Market analysts noted that the pause on tariffs announced by US President Donald Trump for 90 days has positively influenced market sentiments.
“Following this positive opening, the Nifty is expected to find support at 23,000, with subsequent levels at 22,900 and 22,800. On the upside, the immediate resistance may be at 23,200, followed by 23,360 and 23,500,” commented Mandar Bhojane from Choice Broking.
On the institutional side, foreign institutional investors (FIIs) continued their selling trend for the ninth consecutive session on April 11, offloading equities worth Rs 2,519 crore. In contrast, domestic institutional investors (DIIs) were net buyers, acquiring equities worth Rs 3,759 crore on the same day.
Overall, while bulls appear to be maintaining the current momentum, experts indicate that intraday volatility and profit booking near resistance levels are still probable.
“Trump’s shift suggests a more conciliatory stance and opens the door for negotiations. Although we might have witnessed the worst of trade uncertainty, the path forward remains challenging. Nonetheless, with volatility at historical extremes, the potential for decline appears greater than for an increase,” stated Devarsh Vakil, Head of Prime Research at HDFC Securities.
