New Delhi, April 2 (H.S.): The domestic stock market showed resilience ahead of the reciprocal tariffs announced by U.S. President Donald Trump, closing strongly despite initial volatility. After fluctuating in the morning, bulls took control, resulting in a positive close for major indices. The Sensex increased by 0.78 percent and the Nifty by 0.72 percent, with all sectoral indices for Nifty ending in the green. Key sectors driving the market included real estate, consumer durables, and automobiles, alongside robust performances from banking, IT, capital goods, FMCG, healthcare, metallurgy, oil and gas, public sectors, and tech indices.
The broader market also reflected this growth, with the BSE midcap index surging by 1.38 percent and the small-cap index up 0.99 percent. This bullish sentiment contributed to a notable rise in investor wealth, increasing by over ₹3.5 trillion, propelling the BSE’s total market capitalization to ₹412.96 trillion from ₹409.43 trillion the previous day.
Active trading took place across the BSE, with 4,098 shares exchanged; 2,861 recorded gains while 1,092 declined, and 145 went unchanged. The NSE tracked similar activity, with 2,591 shares traded, of which 1,951 closed positive and 640 negative. Among the 30 Sensex stocks, 19 ended up in profits, while 11 dropped. In the Nifty 50, 30 stocks posted gains as opposed to 20 that lost value.
The BSE Sensex opened at 76,146.28 points, gaining 121.77 points before dropping to 76,064.94 due to selling pressure. However, aggressive buying soon propelled it to a high of 76,680.35 points, before settling at 76,617.44, showing a gain of 592.93 points. Similarly, the Nifty started at 23,192.60 points, dipped initially, but peaked around 23,350 points before finalizing at 23,332.35, up by 166.65 points.
Top gainers for the day included Tata Consumer Products and Zomato, while Bharat Electronics and UltraTech Cement were among the top losers.
Hindusthan Samachar / Jun Sarkar