Stock markets staged a strong comeback on Tuesday as the benchmark indices rallied significantly, recouping most of the losses from Monday’s steep decline. The BSE Sensex surged 1,089.18 points or 1.49 per cent to close at 74,227.08, while the NSE Nifty 50 gained 374.25 points or 1.69 per cent to finish at 22,535.85.
The rebound came as global markets showed signs of stability despite ongoing concerns about the US-China trade tensions, with investors hoping for potential concessions ahead of Wednesday’s deadline for reciprocal tariffs.
“Following positive global cues, led by the interest of many nations to enter into bilateral agreements with the US, the domestic market witnessed a recovery,” said Vinod Nair, Head of Research at Geojit Financial Services. “Moreover, this optimism stems from the fact that the Indian economy is more driven by local demand and low reciprocal tariff and ongoing trade negotiations with the US.”
Top gainers
Bajaj Finance led the rally, jumping 3.29 per cent to close at ₹8,842.15. Shares of State Bank of India (SBI) followed closely, rising 3.21 per cent to ₹769.15, buoyed by buying interest in PSU banks.
Larsen & Toubro (L&T) also saw strong gains, climbing 3.00 per cent to ₹3,161.20. Bajaj Finserv added 2.94 per cent to end at ₹1,903.00, while Titan Company gained 2.75 per cent, finishing at ₹3,123.25.
Top losers
Power Grid Corporation of India was the only notable laggard among Nifty constituents, slipping 0.14 per cent to close at ₹288.95 amid marginal profit booking.
The day’s gains were primarily driven by heavyweights in financial services and capital goods, suggesting strong investor confidence despite global uncertainties.
Published on April 8, 2025
