Sensex Surges Nearly 1,500 Points, Nifty Tops 23,000 Amid Global Market Rally
In early trade on Tuesday, the BSE Sensex climbed 1,386.47 points or 1.84% to 76,543.73 while the NSE Nifty surged 413.10 points or 1.81%, breaching the 23,000-mark to hit 23,241.65.
Tata Motors led the Sensex gainers, rising 4.08% to ₹619.35, followed by HDFC Bank (+2.93%), and Bharti Airtel (+2.54%). All 30 Sensex stocks opened in the green.
Among Nifty sectoral indices, the Nifty Auto index led with a 1.93% gain at 20,945.55, followed by Realty (+1.84%) and Financial Services 25/50 (+1.83%).
Analysts pointed to bullish technical patterns for the market momentum. “The index formed a bullish Marubozu candle, indicating strong sentiment,” said Kunal Kamble, Senior Technical Research Analyst at Bonanza.
He added, “The index also closed above the fast 9 EMA, suggesting a continuation of the uptrend. If Nifty sustains above 22,695, we can expect a move towards 23,400 today.”
A breakout above 23,400 could trigger a rally towards 23,800–24,000 levels, Kamble noted.
On April 11, the previous trading session, Sensex had rallied 1,310.11 points to close at 75,157.26, while Nifty ended 429.40 points higher at 22,828.55.
Tata Steel emerged as the top gainer, closing 4.91% higher at ₹133.45. Power Grid Corporation and NTPC followed with gains of 3.68% and 3.25% respectively.
Only two Sensex stocks closed in the red — Asian Paints (-0.64%) and TCS (-0.43%).
The Nifty Metal index soared 4.09% to close at 8,168.30, followed by Consumer Durables (+3.19%) and Pharma (+2.43%).
Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹2,519.03 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares worth ₹3,759.27 crore, indicating strong local support.
The 10-year Indian government bond yield dropped by 0.17%, trading at ₹102.62, reflecting a mild bullish sentiment in fixed income markets.
Global trade tensions due to US President Donald Trump’s tariff announcements contributed to volatility, but domestic optimism kept Indian indices on an upward trajectory.
