NEW DELHI: Markets closed at a high on Thursday after opening at a slight low on Thursday after being on an upward trend for the week.
After a slight dip during opening, Sensex showed a sharp rise being up by 1508.91 points at 78,553.20 at closing while Nifty also showed significant recovery being up by over 414.45 points being at 23,851.65.
This marked the closing of Indian markets at a high since it opened for the week on Tuesday, Monday being a holiday on account of Ambedkar Jayanti. Markets will also be closed on Friday on account of Good Friday .
Sensex had opened with a slight drop of 76.27 points at 76,968.02 while Nifty was also down at 23,401.85. The markets plunged further soon after opening with Sensex by over 300 points at 76,675.62 while Nifty plunged by over 100 points being at a low of 23,298.55 during early trade.
Among sector-specific indices, Nifty IT remained the sole segment in negative whilst all other sectors advanced positively. Banking stocks, particularly the Private Bank index, emerged as the frontrunner with an increase exceeding 1.3 per cent.
The Indian stock markets has recorded significant highs throughout the week since Tuesday, Monday being a holiday. Today's trading will also mark the end for the week as markets will be closed on April 18 on account of Good Friday.
On Wednesday, markets had closed in green with Sensex up by 309.40 points or 0.40 per cent at 77,044.29 while Nifty had also gained 108.65 points or 0.47 per cent, reaching 23,437.20.
Among the Nifty 50 constituents, several stocks demonstrated notable gains during this upward movement, with Bharti Airtel, Eternal, ICICI Bank, and Adani Ports leading the advance. Conversely, companies such as Wipro, Hero MotoCorp, Tech Mahindra, and Coal India experienced significant declines in their share prices.
"India held up well in the post April 2 sell off. There has been a positive rerating of the Indian markets in view of the domestic structural story and lack of external sector fragility FPIs have turned net buyers this week on the back of rerating rupee strength and forward outlook of a resilient Indian corporate sector A normal to above normal monsoon forecast has strengthened the domestic consumption story Add to that the monetary easing and the ample domestic liquidity injected by the RBI , that is helping the financial conditions and the market's sentiment both," Ajay Bagga, Banking and Market Expert told ANI.
Meanwhile, as the Indian markets rebounded, most Asian shares also rose Thursday despite concerns over US President Trump's trade war, with attention focused on US-Japan trade talks. Japan's Nikkei 225 gained 0.7%, boosted by a 1.7% rise in Honda shares after it announced plans to shift production of US-bound Civic hybrids from Japan to Indiana.
Other Asian markets also edged up, while the Shanghai Composite dipped slightly. This came after Federal Reserve Chair Jerome Powell delivered a stark warning on Wednesday, saying Trump’s tariff-driven trade policy risks pushing inflation higher and slowing growth—setting up a potential clash between the Fed’s twin goals of stable prices and full employment- sending US markets crashing on Wednesday, led by tech losses after Nvidia warned of export-related revenue hits. The S&P 500 dropped 2.2%, the Dow fell 699 points, and the Nasdaq slid 3.1%.
Global recession fears are rising amid ongoing tariffs. The WTO projects a 0.2% drop in global trade this year, with potential for worse. Treasury yields dipped, and oil and dollar prices rose modestly.
After a slight dip during opening, Sensex showed a sharp rise being up by 1508.91 points at 78,553.20 at closing while Nifty also showed significant recovery being up by over 414.45 points being at 23,851.65.
This marked the closing of Indian markets at a high since it opened for the week on Tuesday, Monday being a holiday on account of Ambedkar Jayanti. Markets will also be closed on Friday on account of Good Friday .
Sensex had opened with a slight drop of 76.27 points at 76,968.02 while Nifty was also down at 23,401.85. The markets plunged further soon after opening with Sensex by over 300 points at 76,675.62 while Nifty plunged by over 100 points being at a low of 23,298.55 during early trade.
Among sector-specific indices, Nifty IT remained the sole segment in negative whilst all other sectors advanced positively. Banking stocks, particularly the Private Bank index, emerged as the frontrunner with an increase exceeding 1.3 per cent.
The Indian stock markets has recorded significant highs throughout the week since Tuesday, Monday being a holiday. Today's trading will also mark the end for the week as markets will be closed on April 18 on account of Good Friday.
On Wednesday, markets had closed in green with Sensex up by 309.40 points or 0.40 per cent at 77,044.29 while Nifty had also gained 108.65 points or 0.47 per cent, reaching 23,437.20.
Among the Nifty 50 constituents, several stocks demonstrated notable gains during this upward movement, with Bharti Airtel, Eternal, ICICI Bank, and Adani Ports leading the advance. Conversely, companies such as Wipro, Hero MotoCorp, Tech Mahindra, and Coal India experienced significant declines in their share prices.
"India held up well in the post April 2 sell off. There has been a positive rerating of the Indian markets in view of the domestic structural story and lack of external sector fragility FPIs have turned net buyers this week on the back of rerating rupee strength and forward outlook of a resilient Indian corporate sector A normal to above normal monsoon forecast has strengthened the domestic consumption story Add to that the monetary easing and the ample domestic liquidity injected by the RBI , that is helping the financial conditions and the market's sentiment both," Ajay Bagga, Banking and Market Expert told ANI.
Meanwhile, as the Indian markets rebounded, most Asian shares also rose Thursday despite concerns over US President Trump's trade war, with attention focused on US-Japan trade talks. Japan's Nikkei 225 gained 0.7%, boosted by a 1.7% rise in Honda shares after it announced plans to shift production of US-bound Civic hybrids from Japan to Indiana.
Other Asian markets also edged up, while the Shanghai Composite dipped slightly. This came after Federal Reserve Chair Jerome Powell delivered a stark warning on Wednesday, saying Trump’s tariff-driven trade policy risks pushing inflation higher and slowing growth—setting up a potential clash between the Fed’s twin goals of stable prices and full employment- sending US markets crashing on Wednesday, led by tech losses after Nvidia warned of export-related revenue hits. The S&P 500 dropped 2.2%, the Dow fell 699 points, and the Nasdaq slid 3.1%.
Global recession fears are rising amid ongoing tariffs. The WTO projects a 0.2% drop in global trade this year, with potential for worse. Treasury yields dipped, and oil and dollar prices rose modestly.
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