Sensex stood at 73,593.26, up 395.16 points or 0.54 per cent. Nifty was trading at 22,243.85, up 119.15 points or 0.54 per cent. In Asia, most markets were trading higher, with the Nikkei at 1.4 per cent climbing the most.
The Nifty 50 and Sensex are declining today. Early in the morning, the BSE Sensex and Nifty 50 dopped by almost 0.75 percent. Trump’s announcement that steel and aluminium imports will be subject to a 25% tariff prompted the sale. Also, the dollar index surpassed 108.
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Sensex and Nifty opened significantly lower on Monday after a stronger-than-anticipated U.S. jobs report diminished expectations for early interest rate cuts by the Federal Reserve.
The frontline indices traded with strong gains in mid-afternoon trade. The Nifty traded above the 24,750 mark after hitting the day’s low of 24,295.55 in mid-morning trade. Private bank shares witnessed buying demand for the fourth consecutive trading session. Trading was volatile due to the weekly F&O series expiry today.
The bulls made a strong comeback on the Street, with the benchmark indices Nifty and Sensex surging nearly 2 percent each, propelling investor wealth by a staggering Rs 8.5 lakh crore in just one day. A confluence of factors—including the positive outcome of the Maharashtra elections, encouraging signals from Asian and US markets, and a welcome dip in foreign outflows—sparked widespread buying across the bourses.