Stock Market Today: Sensex Rises Over 1400 Points, Nifty At 22,850 Amid Tariff Pause

According to market analysts, the sharp uptick was driven by positive momentum from global markets and a catch-up rally, as domestic trading remained closed on Thursday due to Mahavir Jayanti

Asian equities had already posted strong gains in the previous session, with Japan’s Nikkei index surging 9.1 per cent

Source : ABPLIVE AI

Indian Benchmark indices surged on Friday, buoyed by strong global cues and renewed optimism surrounding a potential India-US trade deal. The rally followed Washington’s announcement of a 90-day suspension on additional reciprocal tariffs, sparking investor enthusiasm.

The BSE Sensex opened with a significant gap-up, soaring 1,194.36 points, or 1.61 per cent, to an early high of 75,041.51. Similarly, the NSE Nifty jumped 383.9 points, or 1.71 per cent, to touch 22,783.05 in early trade.

At 10 am, the Sensex surged 1,333.45 points, or 1.81 per cent, to close at 75,180.60, while the Nifty rallied 430.45 points, or 1.92 per cent, to settle at 22,829.60. Market breadth was overwhelmingly positive, with 2,661 stocks advancing, 377 declining, and 118 remaining unchanged.

According to market analysts, the sharp uptick was driven by positive momentum from global markets and a catch-up rally, as domestic trading remained closed on Thursday due to Mahavir Jayanti.

Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The heightened uncertainty and volatility in global markets may persist for some time. However, India remains relatively insulated due to stable macros and fair largecap valuations.”

He added that long-term investors could look at selective buying in high-quality large-cap stocks, with a focus on the financial and pharmaceutical sectors. The pharmaceutical space, in particular, may offer stability, as former President Trump is unlikely to impose tariffs on the sector.

Asian equities had already posted strong gains in the previous session, with Japan’s Nikkei index surging 9.1 per cent and Taiwan’s benchmark climbing 9.3 per cent, setting the tone for Indian markets.

Rupee Gains As Dollar Weakens

The rupee opened 45 paise stronger on Friday at 86.25 against the US dollar, buoyed by a selloff in the American markets amid escalating trade tensions with China and a 90-day pause on reciprocal tariffs involving other nations. The Indian currency had closed the previous session at 86.70.

Meanwhile, the US dollar weakened globally, with the dollar index, which tracks the greenback against six major currencies, slipping to 100.03 in early trade, down from 100.867 in the previous session.