The Impressive TimesNew Delhi : Indian equity markets opened on a robust note today, defying global uncertainties triggered by fresh tariff announcements from the United States. Investor sentiment remained upbeat as both benchmark indices—Sensex and Nifty—registered significant gains during early trading.
The BSE Sensex surged 1,169 points or 1.60 per cent to reach 74,307, while the NSE Nifty jumped 375 points or 1.69 per cent to touch 22,536. The rally extended across market segments, with large-cap, mid-cap, and small-cap stocks all witnessing upward momentum.
Sectoral indices also reflected strong buying interest across the board. PSU banks, financial services, metals, realty, energy, private banks, and infrastructure stocks led the gains. Realty and metal sectors, in particular, posted impressive advances amid expectations of sustained demand and robust earnings growth in the upcoming quarters.
The broader market rally comes despite lingering concerns over escalating global trade tensions, after the U.S. administration, under President Donald Trump, imposed a new round of tariffs on a range of imports, triggering volatility across global markets. However, Indian markets appeared resilient, buoyed by strong domestic fundamentals and optimistic projections for corporate earnings.
Market analysts attributed the surge to a combination of factors, including a correction in crude oil prices, continued foreign institutional investor (FII) inflows, and robust macroeconomic indicators. Expectations of policy continuity and reforms following recent high-level government engagements have also played a role in keeping investor confidence intact.
In addition, easing inflationary pressures and the Reserve Bank of India’s measured monetary stance are viewed positively by market participants. Many believe these factors will continue to support domestic equities even as global cues remain mixed.
Among the top performers in early trade were leading names in banking, infrastructure, and energy sectors. Shares of major PSU banks recorded notable spikes, suggesting renewed investor interest in public sector institutions.
Market experts advise caution despite the current bullish trend, as global uncertainties—including further developments on tariffs and geopolitical tensions—may yet pose headwinds. Still, with key indices crossing psychological resistance levels, a sustained rally could be in the cards, provided earnings meet expectations.
No Comments: