Ira Singh 
The domestic share market indices traded on a positive note on Wednesday, supported by gains in IT and banking stocks, as investors awaited for U.S. President Donald Trump's impending tariff announcement. The White House has stated that reciprocal tariffs would take effect soon after the announcement on Thursday. However, uncertainty over the extent of these trade measures has intensified fears of escalating global trade tensions. At close, the Sensex was up 592.93 points or 0.78 percent at 76,617.44, and the Nifty was up 166.65 points or 0.72 percent at 23,332.35. About 2755 shares advanced, 1048 shares declined, and 130 shares unchanged.
Tata Consumer, Zomato, Titan Company, IndusInd Bank, Maruti Suzuki were were the top gainers on the Nifty, while losers included Bharat Electronics, UltraTech Cement, Nestle India, Power Grid Corp and L&T.On the sectoral front all the sectoral indices ended in the green with FMCG, Consumer Durables, Realty up 1-3 percent, according to information.BSE Midcap and smallcap indices rose nearly 1 percent each.
Rupee Close:
On 02 April'25,the Indian rupee closed marginally lower ( 2 paise lower )to close at 85.51 against the US dollar on Wednesday,as the support from positive domestic markets was negated by uncertainty over trade tariffs. Forex traders reportedly stated the Indian rupee ended the first trading session of the fiscal year 2025-26 on a flat note over Trump's reciprocal tariffs concerns and foreign fund outflows. A surge in crude oil prices also put pressure on the rupee.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying, despite mixed global cues surrounding the impending US tariffs, the domestic market experienced steady gains. This optimism was largely driven by expectations that the tariffs would have a minimal impact on the domestic economy, given the positive progress in India-US trade negotiations. Sentiments were further reinforced by India's manufacturing PMI for March, which reached an eight-month high, hinting at a recovery in Q4FY25 corporate earnings. Market experts recommended four shares to buy-MRO-Tek Realty, IRB Infrastructure, HFCL, and Sportking India.
(Business Correspondent)
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