The BSE Sensex started the session 162.63 points higher at 73,152.56, while the Nifty 50 gained 52.85 points, opening at 22,135.50. Market breadth showed 30 Nifty companies advancing, while 20 declined, reflecting cautious optimism among investors.
Indian stock markets witnessed a continued selling spree on Tuesday as both benchmark indices opened in the red, reacting to global concerns over slowing economic growth in the US and the impact of new tariffs imposed by US President Donald Trump.
March has historically been a strong month for market recoveries, with an average gain of 1.7 per cent since 2009 (excluding 2023), says a report by Axis Securities.
Congress MP Jairam Ramesh criticized PM Modi's claims about PSU stock value surges, stating that falling stock prices reveal the government's agenda to dismantle the public sector and hand over its assets to a select few.
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.
In absence of major domestic events next week starting from Monday, the investors in the Indian stock markets will watch trends of foreign sellings, developments around the US tariffs, geopolitical risks, and upcoming Purchasing Managers' Index (PMI) releases.
The Masjid Bunder area market in Mumbai was decked up with huge stocks for Ramazan celebrations ahead of the festivals, including fruits, shawls, dates, fabrics, and dry fruits on Saturday.
The Indian stock market has witnessed a massive sell-off since the beginning of 2025, leading to a loss of over Rs 50 lakh crore in market capitalization within just two months