Sensex up at 1,200 points day after mega market crash due to Trump tariffs
PTC News Desk: Markets staged a strong rebound today, with the Sensex surging over 1,000 points and the Nifty climbing above 22,500, signaling a broad-based recovery after yesterday’s sharp decline. This uptick follows heightened volatility sparked by fears of a potential recession and rising inflation, triggered by tariff-related tensions initiated by US President Donald Trump.
Here's a quick breakdown:
Sensex: Rose over 1,000 points, now trading above 74,200
Nifty: Up 1.5%, crossing the 22,500 mark
Sectoral Indices: All in the green, showing a sharp recovery across the board
Analysts’ View: The panic appears to have subsided; some suggest Trump might soften his tariff stance, which has helped stabilize investor sentiment.
Sectoral Performance:
Metals: The Nifty Metal index surged approximately 2.67%, reflecting renewed investor confidence in the sector.
Power: The power sector witnessed a gain of around 2.09%, indicating strong performance across energy-related stocks.
Auto: The automotive sector climbed by about 1.35%, buoyed by positive sentiment and buying interest.
Realty: Real estate stocks also participated in the upswing, contributing to the overall market rebound.
Banking and Financial Services: These sectors saw significant gains, with major banks and financial institutions reflecting optimism in the financial markets.
- With inputs from agencies
