Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Wednesday a day after tanking over 1%. While the BSE Sensex crossed 76,650 intraday, Nifty50 touched 23,350. BSE Sensex closed the day at 76,617.44, up 593 points or 0.78%. Nifty50 ended at 23,332.35, up 167 points or 0.72%.
The top BSE Sensex gainers were Zomato, Titan Company, IndusInd Bank, Maruti Suzuki, and Tech Mahindra. The top Sensex losers were UltraTech Cement, Nestle India, Power Grid, L&T and Asian Paints.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Despite mixed global cues surrounding the impending US tariffs, the domestic market experienced steady gains. This optimism was largely driven by expectations that the tariffs would have a minimal impact on the domestic economy, given the positive progress in India-US trade negotiations. Sentiments were further reinforced by India's manufacturing PMI for March, which reached an eight-month high, hinting at a recovery in Q4FY25 corporate earnings."
Global stock markets showed varied performance on Wednesday as traders awaited US President Donald Trump's announcement regarding tariffs on what he calls "Liberation Day."
European markets commenced lower, whilst Asian indices registered slight increases.
In Europe, France's CAC 40 fell 0.5% to 7,837.50 in early trading, Germany's DAX declined nearly 1.0% to 22,325.98, and Britain's FTSE 100 decreased 0.6% to 8,581.60.
US futures indicated a lower opening, with S&P 500 futures down 0.3% and Dow Jones Industrial Average futures declining 0.2%.
In Asia, Japan's Nikkei 225 advanced 0.3% to close at 35,725.87.
The Hong Kong Hang Seng remained essentially flat at 23,202.53, whilst the Shanghai Composite edged up marginally by less than 0.1% to 3,350.13.
The Australian S&P/ASX 200 rose 0.1% to 7,934.50, whilst South Korea's Kospi declined 0.6% to 2,505.86.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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