Stock Market Updates: Sensex has climbed 366 points, and Nifty is on the rise, too.
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Summary: In early trading, the Sensex rises 366 points amidst mixed global stocks.
The Nifty50 gained 70 points to open at 23,099.15, while the BSE Sensex increased by around 270 points to open at 76,114.42.
On the BSE, Zomato, Tata Motors, and Power Grid were the biggest losers, while Infosys, Sun Pharma, and L&T were the top gainers.
Trent, BEL, and Power Grid experienced the most drops on the NSE, while Sun Pharma, Britannia, and Infosys led the gains.
The Nifty SmallCap index dropped 0.7%, while the MidCap index fell 0.6%, indicating pressure on the larger markets. The two sectors with the biggest losses, Nifty Realty and Consumer Durables, fell by 1.5%.
The Q3FY25 results of big businesses like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation Limited (BPCL) would be the main focus of investors' attention today.
Asia-Pacific markets were trading in a mixed fashion after Wall Street's gains in response to President Donald Trump's less aggressive-than-expected tariff stance.
The ASX 200 increased 0.4%, while the Nikkei increased 1.5%. In addition, the Kospi rose 0.7%. Sang Seng was down 1.3% in the meantime.
The three main US indices rose overnight as investors thought Trump's remarks against global trade were more moderate than anticipated. The Nasdaq Composite increased 0.64 percent, the S&P 500 gained 0.88 percent, and the Dow Jones climbed 1.24 percent.
While signing first-day executive orders in the White House on Monday night, Trump said he was considering imposing 25% tariffs on Canada and Mexico in response to their border policies, beginning February 1. He also brought up China, implying that tariffs might be imposed if it rejects a TikTok agreement.
