Stock market today: Following positive sentiments after US President Donald Trump declared a 90-day pause on 26% tariffs imposed on India, the Indian stock market skyrocketed in the early morning session on Friday. The Nifty 50 index opened upside at 22,695 and touched an intraday high of 22,784 during early morning deals on Friday. The BSE Sensex opened upside at 74,835 and touched an intraday high of 75,145 within a few minutes of the Opening Bell, logging an over 1,100-point rally in the early morning session. Likewise, Bank Nifty today had a gap-up opening at 50,634, and the banking index touched an intraday high of 50,968, logging 728 points gain within a few minutes of the market opening on Friday.
This rally on Dalal Street is participatory as strong buying took place in the broad markets also. The BSE Small-cap index surged over 2%, while the Mid-cap index skyrocketed over 1.85% in the early morning session.
According to stock market experts, this Indian stock market rally is largely driven by US President Donald Trump’s unexpected move to delay the imposition of hefty reciprocal tariffs on all trading partners (excluding China) by 90 days.
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