Sensex Jumps 220 Points, Nifty Hits 23,200 In Early Trend as Markets Eye Trump’s Tariff Announcement
Indian stock markets opened on a positive note on Wednesday, with the BSE Sensex rising 220.87 points to 76,245.38 and the Nifty50 gaining 33.20 points to reach 23,198.90. The uptick comes as investors brace for US President Donald Trump’s reciprocal tariff announcement, scheduled for later today at the White House Rose Garden.
At the opening bell, the Sensex climbed 0.29 per cent, while the Nifty50 advanced 0.14 per cent. Financial stocks emerged as key drivers of the early rally, providing a boost to the benchmark indices. However, market participants remain cautious, awaiting clarity on the US tariff policy and its potential global impact.
The much-anticipated tariff announcement, set for 4 PM local time in Washington, is expected to take effect immediately. White House reports indicate that these reciprocal tariffs, teased by Trump since taking office, aim to address trade imbalances. Investors are keenly watching how this could affect India and other economies.
Overnight, Wall Street saw gains, with the S&P 500 and Nasdaq Composite closing higher despite tariff-related uncertainty. In Asia-Pacific markets, reactions were mixed on Wednesday. Japan’s Nikkei 225 edged up by 0.02 per cent, while the Topix fell 0.62 per cent. South Korea’s Kospi dropped 0.3 per cent, and Australia’s S&P/ASX 200 rose 0.19 per cent.
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Financial markets worldwide have been volatile in recent weeks as Trump’s broad tariff plans raise fears of a US economic slowdown and higher inflation. In India, investors are assessing how these measures might influence exports and trade ties with the US, a key market for Indian goods and services.
Hong Kong’s Hang Seng Index declined 0.47 per cent, while mainland China’s CSI 300 gained 0.14 per cent. South Korea’s small-cap Kosdaq index slipped 0.72 per cent. The mixed performance reflects global uncertainty as traders await details of the tariff rollout and its scope.
White House Press Secretary Karoline Leavitt had earlier hinted at the tariff strategy, stating, “The president is perfecting a deal to ensure American workers get a fair shot.” She added that Trump remains open to negotiations with foreign leaders, suggesting flexibility in the policy’s implementation.
As the tariff announcement approaches, Indian markets are likely to stay on edge. Analysts expect short-term volatility depending on the specifics of Trump’s plan and its impact on India-US trade. Updates from the White House event and market reactions will be closely tracked throughout the day.
