Sensex and Nifty 50 likely to open higher today as Gift Nifty surges and Wall Street rallies after Trump exempts smartphones, computers from new tariffs.
Mumbai | April 15, 2025 —
The Indian stock market is poised for a bullish start on Tuesday, buoyed by strong global cues and a surge in Gift Nifty futures. Gift Nifty was trading around 23,305, reflecting a premium of nearly 387 points over Nifty futures’ previous close — signaling a potential gap-up opening for domestic indices.
With trading resuming after a holiday on Ambedkar Jayanti, both Sensex and Nifty 50 are expected to follow the global momentum sparked by US President Donald Trump’s 90-day pause on 26% tariffs, especially the fresh exemption for smartphones, computers, and semiconductors.
On Friday, markets had already reacted positively, with the Sensex jumping 1,310 points and Nifty 50 gaining 429 points, closing at 75,157 and 22,828 respectively.
“Trump’s tariff relief gave investors breathing room and triggered a rally. However, caution remains as China’s retaliatory 125% tariffs could spark renewed volatility,” said Prashanth Tapse, Senior VP, Mehta Equities.
7 Key Market Drivers to Watch Today
1. Global Tech Rally:
US markets closed strong on Monday, led by tech.
- Dow Jones: +312 pts
- S&P 500: +42 pts
- Nasdaq: +107 pts
Gains were driven by Apple (+2.2%), Dell (+4%), and HP (+2.5%), while Nvidia and Amazon saw minor dips.
2. Gift Nifty Surge:
Trading at 23,305, signaling a strong gap-up for Nifty 50.
3. Asian Market Mood:
- Nikkei 225: +1.15%
- Kospi: +0.39%
- Topix: +1.16%
- Hang Seng Futures: indicate firm open
4. Trump’s Tariff Exemptions:
The US has excluded electronics, smartphones, and semiconductors from new tariffs. iPhones from India and chips from Taiwan benefit, calming global trade tensions.
5. Fed Watch:
Atlanta Fed Chief Raphael Bostic called for caution, citing economic uncertainty. The Fed is expected to stay on pause until clarity emerges.
6. Gold Prices Hold Gains:
- Spot Gold: $3,211.49/oz
- Gold Futures: $3,227.90
Gold remains elevated as investors hedge against tariff risk.
7. Crude Oil Edges Up:
- Brent: $65.15 (+0.42%)
- WTI: $61.79 (+0.42%)
Helped by China’s rebound in imports and expectations of reduced Iranian supply.
Tags:
Indian stock market, Sensex, Nifty 50, Gift Nifty, Trump tariff pause, Apple shares, Nasdaq rally, Asian markets, gold prices April 2025, crude oil prices today, tariff impact on tech stocks, US-China trade war, Indian equities outlook