Indian Stock Markets Rebound After Trump’s Tariff Shock

Indian benchmark indices opened on a positive note on April 8, shrugging off its steepest single-single day drop in the last 10 months on April 7.

As of 9:15 am, Sensex was up by 1,141.14 points or 1.56% at 74,279.04, while Nifty scaled up by 401.10 points or 1.81% at 22,562.70.

Among the 30 stocks, Tata Steel soared the most by 4.98% at ₹136.05, while Titan Company went up by 4.71% to clock at ₹3,166.05 apiece.

Among the Nifty sectoral indices, the Consumer Durables Index soared by 3.25%, clocking 35,112.40, followed by Nifty Metal, which was up 2.99% at 8,080.90. Meanwhile, Nifty Realty clocked at 795, up 2.42%.

On April 7, Foreign Institutional Investors (FIIs) dumped Indian equities worth ₹9,040.01 crore. Meanwhile, Domestic Institutional Investors (DIIs) bought shares worth ₹12,122.45 crore.