Realty stocks lead rally as India shrugs off global jitters; Nifty ends at 23,332
🗓️ April 2, 2025 | After a two-day slump, Indian markets bounced back strong on Wednesday, led by gains in financials, tech, and realty stocks — even as investors braced for US President Donald Trump’s reciprocal tariff announcement.
Also Read: Amid Trump’s Tariff Blitz, China Signals It’s Ready to Buy More Indian Goods
- Nifty 50 rose 0.72% to close at 23,332
- Sensex jumped 0.78% to 76,617
- Midcap Index rallied 1.61% to 52,025
- Smallcap Index gained 1.12%, closing at 16,162
💼 Sector Watch: All Green
All 13 major sectors ended in the green 🔝
- 🏘️ Nifty Realty: 🔼 3.61% (Top Gainer)
- 🛋️ Consumer Durables & 🧴 FMCG: Up over 1%
- 🚗 Auto, 💊 Pharma, 💻 IT, 📺 Media, 🛢️ Oil & Gas: Gained 0.2%–0.8%
Also Read: Savitri Jindal Becomes India’s Richest Woman With $35.5 Billion Net Worth
“Despite global tariff concerns, the Indian market surged on strong PMI data and hopes of minimal impact from US tariffs,” said Vinod Nair, Geojit Financials.
🌐 All Eyes on Trump
Markets now await Trump’s “Liberation Day” tariff speech at 4:00 PM EDT (1:30 AM IST).
Also Read: US Dominates Forbes Billionaires List 2025, India Holds 3rd Spot With 205 Billionaires
- A 25% auto import tariff takes effect April 3
- India under scrutiny for agri and digital trade barriers
- However, trade talks between New Delhi and Washington are ongoing, potentially sparing India from harsh measures
📊 Global sentiment remains cautious amid Trump’s trade war spree targeting China, Canada, Mexico, and now possibly India
📉 Technical Outlook: Rally to Sustain?
“The Nifty has formed a bullish Harami pattern near the 50-EMA. As long as it holds above 23,100, we could see a bounce toward 23,800,”
– Rupak De, LKP Securities
🔍 In Summary:
✅ Markets rebound ahead of tariff jitters
📈 Realty leads sectoral gains
🇺🇸 Tariff impact watch still in focus
📉 23,100 remains key Nifty support