Sensex, Nifty recover nearly 1% ahead of U.S. tariff announcements
The Hindu
Stock markets rebounded on strong macro data and value buying, with Sensex closing higher by nearly 593 points.
Stock markets recovered on Wednesday (April 2, 2025) with benchmark Sensex closing higher by nearly 593 points on strong macro data and value buying by investors after recent free-fall ahead of U.S. tariff announcements.
The 30-share BSE Sensex rebounded 592.93 points or 0.78% to settle at 76,617.44. During the day, it surged 655.84 points or 0.86% to 76,680.35.
The NSE Nifty climbed 166.65 points or 0.72% to 23,332.35.
Value buying in select auto, banking and IT shares, and India's manufacturing sector growth rising to an eight-month high in March powered the recovery in the domestic stock markets. Sensex had tanked 1,390 points or 1.80% and Nifty plunged by 353 points on Tuesday (April 1, 2025) due to FII selling ahead of U.S. tariff announcements on Wednesday (April 2, 2025).
From the Sensex pack, Zomato jumped nearly 5%, followed by Titan which climbed almost 4%.
IndusInd Bank, Maruti, Tech Mahindra, Adani Ports, Bharti Airtel and HDFC Bank were also among the gainers.
However, Nestle, Power Grid, UltraTech Cement, Bajaj Finserv and Larsen & Toubro were among the laggards.
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