Sensex soars at 1,300 points, Nifty above 22,500 as market opens green amid Trump's tariff pause
PTC News Desk: Indian stock markets opened sharply higher on Friday, following a strong rally in the US markets on Wednesday.
The surge came after US President Donald Trump announced a 90-day postponement of reciprocal tariffs for 75 countries, including India, amid an escalating trade war with China.
The BSE Sensex jumped 1,061.26 points to open at 74,941.53, while the NSE Nifty climbed 354.90 points, starting the day at 22,754.05. The sharp uptick in Indian equities reflected improved investor sentiment after the temporary easing of global trade tensions.
The midweek rally in US markets came after President Trump announced an immediate increase in tariffs on Chinese goods to 125 per cent, in response to China's decision to hike its tariffs on US goods from 34 per cent to 84 per cent, effective April 10.
At the same time, Trump announced a 90-day pause on imposing higher tariffs on 75 countries engaged in trade negotiations with the US, including India.
Amid rising market volatility, gold prices in India surged to an all-time high of Rs91,500 per 10 grams as investors turned to safe-haven assets. The Japanese yen and Swiss franc also saw increased inflows.
The US Dollar Index (DXY) fell to 100, which could eventually benefit emerging markets, but analysts warned that sentiment remains fragile.
- PTC NEWS
