Sensex, Nifty surge over 2% as positive global cues boost investors’ sentiment
Indian stock markets opened with an over 2 per cent jump today, taking cues from global optimism following the US government indicating possible tariff relief. The BSE Sensex rallied 1,679 points, up by 2.23 per cent, to start the day at 76,836, while the Nifty-50 index jumped over 539 points, or 2.36 per cent, to open at 23,368.35.
The sentiment in the Market was lifted by signs that US President Donald Trump may announce further trade concessions, especially in the semiconductor and electronics sectors. Global markets reacted positively to these developments. On Monday, Asian, European, and US markets all closed higher. US Big Tech companies saw more than 6 per cent gains in pre-market trading.
US customs recently announced temporary tariff exemptions on key consumer and industrial electronics, including semiconductors. On Sunday, the US Commerce Secretary clarified that the relief is temporary. Trump also confirmed in a post that these measures are short-term and added that new semiconductor tariffs could be announced next week.
Meanwhile, Indian investors continued to show confidence in the market. Despite tight liquidity in March, Indian SIP investors pumped in over Rs 25,000 crore into equity mutual funds, providing strong support to the markets.
