Ira Singh 
The domestic share market indices ended on a positive note on Tuesday, snapping a three-day losing streak, with the Nifty 50 closing above 22,500 amid widespread gains across sectors and supportive global trends. At close, the Sensex was up 1,089.18 points or 1.49 percent at 74,227.08, and the Nifty was up 374.25 points or 1.69 percent at 22,535.85. Nifty Auto, IT, Metal, Realty too snapped a three-day losing streak to rise between 1.2-2.5 percent.
US markets declined overnight on renewed trade friction, led by the EU’s proposal of counter- tariffs and Trump’s warning of a 50% tariff hike on Chinese imports. Despite this, Asian stocks staged a rebound, snapping the losing streak driven by global tariff concerns. With the RBI’s policy meeting set for April 9, many economists expect a rate cut, as improving liquidity conditions support policy easing amid fears of trade-related growth slowdown.
Jio Financial, Shriram Finance, Titan Company, Cipla, Bharat Electronics were the top gainers on the Nifty, while only loser was Power Grid, according to information.On the sectoral front,all the sectoral indices ended in the green with Capital Goods, Consumer Durables, FMCG, Oil and Gas, PSU, Realty, Telecom, Media up 2-4 percent.The BSE Midcap index rose 1.8 percent and Smallcap index added 2 percent.
Rupee Close:
On 08 April'25,the Indian rupee fell to a more than two-week low on Tuesday, at 86.27 against the U.S. dollar, down 0.5% on the day,weighed down by a weaker yuan and corporate hedging demand, while forward premiums eased on rising U.S. bond yields.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,following positive global cues, led by the interest of many nations to enter into bilateral agreements with the US, the domestic market witnessed a recovery. Moreover, this optimism stems from the fact that the Indian economy is more driven by local demand and low reciprocal tariff and ongoing trade negotiations with the U.S. Meanwhile, China's currency devaluation, aimed at mitigating the impact of escalating trade tensions, is exerting downward pressure on the INR. Additionally, all eyes are on the RBI policy decision tomorrow, where a 25-bps rate cut is anticipated. Market experts recommended five shares to buy -360 One Wam, Vedant Fashions, NACL Industries, GRM Overseas, and Orient Cement.
(Business Correspondent)
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