Sensex, Nifty gain as global markets recover from Trump’s tariff shock

Benchmark stock market indices opened higher on Tuesday as Sensex and Nifty jumped over 1.5% in early trade, mirroring global markets which showed signs of recovery.

Asian shares rebounded from their lowest levels in a year and a half, while US stock futures showed signs of strength. The S&P BSE Sensex surged 1,217.78 points to 74,355.68, while the NSE Nifty50 gained 380.50 points to 22,542.10 as of 9:35 am.

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that India’s macros are stable, and we can grow at around 6% in FY26 and the valuations are fair, particularly in largecaps, long-term investors can start nibbling at high quality largecaps like the leading financials.

The early trade session represented a turnaround from yesterday’s bloodbath, with investors rushing back into the market across sectors.

In a recovery from yesterday’s market crash, Titan emerged as the top gainer, surging an impressive 5.30%. Bajaj Finserv followed strongly with a 3.77% jump, while Adani Ports rallied 3.50%. State Bank of India (SBI) and Axis Bank rounded out the top five gainers, climbing 3.26% and 2.96% respectively.

The market showed broad-based strength with nearly all stocks trading in the green. The only loser was TCS, which slipped marginally by 0.27%. Power Grid Corporation and Nestle India showed relatively modest gains at 0.22% and 0.28%.

At the opening bell, all 13 key sectors moved higher. The broader market also joined the rally, with small-cap and mid-cap indices climbing 2.6% and 2.2%, respectively.