Stock market at the moment: BSE Sensex rises over 650 factors; Nifty50 above 23,800

Ajit Mishra of Religare Broking notes that the market’s renewed energy stems from FII shopping for. (AI picture)

Stock market at the moment: BSE Sensex and Nifty50, the Indian fairness benchmark indices, continued to rally for the seventh straight session on Tuesday. While BSE Sensex surged over 650 factors, Nifty50 went above 23,800. At 10:10 AM, BSE Sensex was buying and selling at 78,541.09, up 557 factors or 0.71%. Nifty50 was at 23,806.85, up 149 factors or 0.63%.
Indian benchmark indices demonstrated strong efficiency on Monday, with vital positive factors pushed by BFSI and IT sectors, alongside help from different segments.
Ajit Mishra, Senior Vice President – Research at Religare Broking, famous that the market’s renewed energy stemmed from FII shopping for within the money market and their short-covering in derivatives. “On the technical front, Nifty has reclaimed its 200-day DEMA, reinforcing the positive sentiment. With strong buying interest across sectors, the prevailing momentum is likely to sustain. Traders should align their positions accordingly, with a keen focus on stock selection,” Mishra mentioned.
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Osho Krishan, Senior Research Analyst – Technical & Derivatives at Angel One famous that the bulls maintained management as Nifty surpassed the 23,650 degree.
The S&P 500 achieved its highest degree in over two weeks on Monday, supported by positive factors in Nvidia and Tesla, following indications of a extra balanced strategy to tariffs by the Trump administration.
Asian equities superior early Tuesday following a sturdy efficiency in US markets, pushed by indications that President Donald Trump’s commerce restrictions could be extra restricted than initially anticipated.
Gold costs decreased on Tuesday after US President Donald Trump alleviated worries by indicating that not all proposed tariffs could be applied on April 2, alongside a Federal Reserve official indicating a prudent strategy in the direction of rate of interest reductions this 12 months.
Foreign institutional traders (FIIs) confirmed constructive exercise in Indian equities, buying shares valued at Rs 3,055.76 crore on Monday, whereas home institutional traders (DIIs) acquired shares price Rs 98.54 crore.