Indian stock indices recovered substantially on Tuesday, after the bloodbath of the previous session. Sensex closed 1,089 points or 1.5 per cent higher at 74,227 points.
Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.
After a volatile week post the announcement of reciprocal tariffs by the Trump administration, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.
Indian stock indices closed the week on a sour note, extending losses from the previous session. They were weighed down by the Trump reciprocal tariffs and the uncertainties surrounding them.
Indian stock indices surged for the second day. At the day's closing, the Sensex was up 1,131.31 points or 1.53 per cent at 75,301.26 points, and the Nifty was up 325.55 points or 1.45 per cent at 22,834.30 points.
The investors, from next week, starting Monday, will keenly be watching global developments in the absence of major domestic events, said market experts adding a possibility of volatility in the Indian stock markets.
Indian stock markets started the fresh week on Monday with moderate gains, as both indices opened in the green; however, a sustained rally was not visible.
Indian stock indices continued to remain volatile over concerns about Trump's tariff announcements and weak global cues. The benchmark indices opened in the red to later trade in the green. At closing, it closed marginally lower.
Failing to maintain the morning session gains, Indian stock indices closed Friday's session and the week in red. This marked eight consecutive sessions of decline in the domestic equity market indices, data showed.