Sensex Surges 1,200 Points in Early Trade After Trump Tariffs Spark Global Selloff
In a sharp reversal from Monday’s steep losses, Indian stock markets opened significantly higher on Tuesday, with the BSE Sensex surging over 1,200 points in early trade. This recovery follows one of the worst single-day market crashes in the last 10 months, triggered by global anxiety over fresh US tariffs announced by Donald Trump.
At 9:15 am, the benchmark BSE Sensex jumped 1,141.14 points or 1.56% to reach 74,279.04. The NSE Nifty was also in the green, up by 401.10 points or 1.81%, trading at 22,562.70.
Among the top gainers, Tata Steel rose 4.98% to ₹136.05, followed by Titan Company at ₹3,166.05 (up 4.71%) and Tata Motors at ₹600 (up 3.48%). Only one Sensex stock — Sun Pharma — opened in the red, trading 0.34% lower at ₹1,662.75.
Sectoral indices saw robust performance, led by the Nifty Consumer Durables Index, which gained 3.25% to reach 35,112.40. The Nifty Metal and Realty indices followed with gains of 2.99% and 2.42% respectively.
The rebound comes a day after markets nosedived on fears of a global recession, sparked by Trump’s announcement of an additional 34% tariff on Chinese imports. On Monday, the Sensex had plunged 2,226.79 points or 2.95% to close at 73,137.90, while the Nifty fell 742.85 points or 3.24% to end at 22,161.60.
Tata Steel led Monday’s losses with a 7.73% fall to ₹129.60, followed by L&T and Tata Motors, which dropped 5.78% and 5.54% respectively. Only Hindustan Unilever remained in positive territory, edging up 0.25% to ₹2,250.15.
Among sectoral indices, the Nifty Metal Index took the biggest hit on Monday, closing 6.75% lower at 7,846.35. Nifty Realty and Media indices also saw steep losses of 5.69% and 3.94% respectively.
Key losers in the metal space included Lloyds Metals and Energy (-8.86%), NALCO (-7.86%), and JSW Steel (-7.53%). In real estate, Anant Raj, Sobha and DLF posted losses exceeding 7%. In media, Zee Entertainment dropped 6.80%, followed by PVR Inox and Dish TV.
Despite foreign institutional investors (FIIs) offloading ₹9,040.01 crore worth of equities on Monday, domestic institutional investors (DIIs) stepped in with net purchases of ₹12,122.45 crore, helping cushion the market blow.
The yield on India’s 10-year government bond dipped slightly by 0.23%, trading at ₹102.05.
Market analysts remain cautious amid ongoing geopolitical tensions and trade uncertainty between the US and China. While domestic investor confidence provided a short-term lift, global cues and policy responses from Beijing and Washington will continue to drive volatility in the near term.
