Sensex opens over 1,000 points up amid heightened global uncertainty

IANS April 8, 2025 253 views

The Indian stock market opened strongly on Tuesday, with Sensex jumping over 1,000 points amid global economic uncertainties. Heavyweight stocks like Titan, Adani Ports, and Tata Steel drove the market sentiment, with all sectoral indices trading in the green. Foreign institutional investors continued their selling streak, while domestic investors remained net buyers. Investors are now keenly awaiting the RBI's potential rate cut and TCS's upcoming earnings announcement.

"The trade war is likely to be confined to US and China" - V.K. Vijayakumar, Geojit Financial Services
Sensex opens over 1,000 points up amid heightened global uncertainty
Mumbai, April 8: Indian frontline indices opened in the green on Tuesday as heavyweights like Titan, Tata Steel and Adani Ports lifted the market sentiment despite global uncertainty amid US tariffs.

Key Points

1

Sensex jumps 1.60% with strong performance across sectoral indices

2

Foreign investors continue selling while domestic investors buy

3

Market watching RBI rate decision and upcoming corporate earnings

As of 9:21 am, Sensex was up 1,169 points or 1.60 per cent at 74,307 and Nifty was up 375 points or 1.69 per cent at 22,536.

Along with largecaps, midcaps and smallcaps moved up. Nifty midcap 100 index was 1,094 points up or 2.24 per cent at 49,903 and Nifty smallcap 100 index was 356 points up or 1.75 per cent at 15,424.

On the sectoral front, all indices were trading in the green. PSU Bank, financial services, metal, realty, energy, private bank, infra and realty were major gainers.

In the Sensex pack, Titan, Adani Ports, Tata Motors, Bajaj Finserv, SBI, Axis Bank, UltraTech Cement, Tata Steel, IndusInd Bank, Zomato, Bajaj Finance and NTPC were major gainers. TCS was the only stock trading in the red.

According to market watchers, the heightened uncertainty and volatility that has gripped markets worldwide will linger for some more time.

"There are some significant takeaways from the ongoing chaos. One, the trade war is like to be confined to US and China. Others including EU and Japan have opted for negotiations. India has already started negotiations on a BTA with US. Two, the risk of a recession in the US has increased. Three, China is likely to be the worst-hit economy," said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Investors may continue in wait and watch mode since it will take time for clarity to emerge, he added.

Buying was seen in the major Asian markets. Tokyo, Shanghai, HongKong and Seoul were trading in the green. The US markets had closed negative on Monday due to recession fears.

In terms of institutional activity, foreign institutional investors (FIIs) remained net sellers for the sixth consecutive session on April 7, offloading equities worth Rs 9,040 crore. In contrast, domestic institutional investors (DIIs) remained net buyers, purchasing equities worth Rs 12,122 crore.

According to Prashanth Tapse, Senior VP (Research), Mehta Equities, traders are watching for the RBI's potential 25bps rate cut on April 9 and corporate earnings led by TCS on April 10.

Reader Comments

Here are 6 diverse user comments for the article:
R
Rahul K.
Finally some green in my portfolio after weeks of red! 🎉 Tata Steel and Adani Ports carrying the team today. Hope this rally sustains through the week.
P
Priya M.
Interesting to see DIIs buying while FIIs keep selling. Shows domestic confidence in our markets despite global uncertainty. Smart money knows something?
A
Amit S.
The article could have explained more about why TCS was the only loser in Sensex today. Otherwise good coverage of the market movements.
N
Neha P.
Waiting for RBI policy decision tomorrow! A rate cut could give another boost to the markets. Fingers crossed 🤞
S
Sanjay R.
This volatility is giving me whiplash! Up 1000 points today, down 800 tomorrow. Not for the faint-hearted investors. Stay cautious everyone.
M
Meena T.
Good to see midcaps and smallcaps participating in the rally too. Often they get left behind when largecaps move. Balanced growth across market caps is healthy for long-term stability.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Sensex Indian Stock Market Market Surge Global Economic Uncertainty FII DII Titan Adani Ports Tata Steel
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