Indian stock markets on Tuesday ended on a strong note, driven by favourable global cues, particularly after the United States announced tariff exemptions for select technology products, boosting investor sentiment.
The earnings targets of the Nifty index in the first half of FY26 are expected to be reduced further amid the ongoing trade tensions due to the US tariff policy, according to a report by PL Capital.
Indian stock markets are closed today, on the occasion of Dr. B.R. Ambedkar Jayanti. The day marks the birth anniversary of Babasaheb Ambedkar, who was born on April 14, 1891.
Indian stock indices closed handsomely higher on Friday, supported by the Trump's decision to pause the reciprocal tariffs on dozens of countries, including India, for 90 days.
The surge came after US President Donald Trump announced a 90-day postponement of reciprocal tariffs for 75 countries, including India, amid an escalating trade war with China.
After staging a smart comeback yesterday, Indian stock markets ended on a negative note on Wednesday, showing no major enthusiasm for the policy interest cut by the Reserve Bank of India (RBI).
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.
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.