Indian stock markets on Wednesday reversed the gains, with both indices declining in opening, taking cues from global markets as Trump announced China tariffs of 104 per cent loom, showing no near relief in the tariff dark clouds.
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.
The Indian renewable energy (RE) sector may soon face regulatory pressures taking cues from Europe and China to combat emerging challenges such as grid disturbances, subsidy-driven incentives, and negative energy prices, according to a report by JM Financial.
Among Nifty-listed companies, 38 stocks advanced while 12 saw declines. IndusInd Bank, SBI Life, Bajaj Finserv, Tata Motors, and Larsen & Toubro emerged as the top gainers, while Infosys, HCL Tech, Wipro, BPCL, and Britannia were among the worst performers in early trade.
After an initial dip, both benchmark indices rebounded sharply, with the Sensex surging 609.87 points to close at 74,340.09, while the Nifty 50 climbed 207.40 points to end at 22,544.70.
The Indian stock markets on Monday ended on a lower note, influenced by weak global cues that kept the market under pressure during the trading session.
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.