Indian stock markets witnessed a sharp decline during opening on Monday as US President Trump imposed trade tariff on Columbia which dampened investor sentiment.
Indian markets are bracing for a pivotal week ahead, with key events like the Union Budget, macroeconomic data, Q3 earnings, and the US Fed policy decision set to influence market sentiment.
The Sensex rose 156.70 points, ending at 76,561.69, while the Nifty advanced by 60.90 points, settling at 23,216.25. The indices, which started the day on a negative note, managed to recover some ground by the end of the trading session.
Domestic stock markets on Tuesday witnessed a bloodbath, ending on a weak note due to the selling pressure in heavyweight stocks such as Kotak Bank, Zomato, RIL and US President Donald Trump's aggressive take on the trade tariffs on various countries
The participants in the Indian domestic market are expected to maintain cautious tone next week due to the global and domestic clues that include third quarter (Q3) results, foreign fund outflows, US policies in the administration of Donald Trump, among others.
The Sensex rose by 224.45 points, closing at 76,724.08, while the Nifty climbed 37.15 points to end at 23,213.20. Out of the Nifty 50 companies, 27 stocks advanced, while 23 declined.
Domestic stock markets on Tuesday ended on a positive note, recovering from seven-month lows hit in the last trading session due to a decline in the rupee and investors worries over the earnings of domestic companies.