Stock Market Updates: Sensex Opens 300 Points Higher, Nifty At 23,750; IT Stocks Rise

Indian benchmark equity indices BSE Sensex and Nifty50 climbed on Tuesday, supported by improving global cues.

Investor sentiment was lifted after former U.S. President Donald Trump signaled a softer stance on reciprocal tariffs, despite simultaneously threatening additional levies on more sectors.

Global Cues

Markets across the Asia-Pacific region showed a mixed trend on Tuesday, even as Wall Street ended higher overnight on hopes that U.S. tariff measures might be less severe than anticipated. Australia’s S&P/ASX 200 rose 0.39 percent, while Japan’s Nikkei 225 gained 0.72 percent, with the broader Topix up 0.29 percent. South Korea’s Kospi edged up 0.16 percent, while the small-cap Kosdaq declined 0.36 percent. Meanwhile, China’s CSI 300 dipped 0.29 percent, and Hong Kong’s Hang Seng dropped 1.59 percent.

The three major U.S. indices posted strong gains overnight. The Dow Jones Industrial Average surged 597.97 points, or 1.42 percent, to close at 42,583.32. The S&P 500 advanced 1.76 percent, settling at 5,767.57, while the Nasdaq Composite, driven by tech stocks, jumped 2.27 percent to finish at 18,188.59. Overall, improving global cues and hopes for a softer U.S. trade policy provided a positive backdrop for equity markets.