1. Stock Market Rebounds on Trump Tariff Pause
The Indian stock market surged during early trading on April 15 after US President Donald Trump announced a possible relaxation of specific new tariffs. Although a minimum 10% tariff rate remains in place, the possibility of exemptions sparked strong investor confidence and drove up market indices.
2. Sensex and Nifty Rally Sharply
By 10 AM, the BSE Sensex jumped by 1,595.37 points or 2.12%, reaching 76,752.63, while the NSE Nifty climbed 481.70 points or 2.11%, touching 23,310.25. This recovery came after a massive drop the previous day, reflecting positive market sentiment driven by global trade optimism.
3. Top 10 Gainers on the Sensex
Tata Motors and Larsen & Toubro were the top gainers, each rising by 4.78%. Other big movers included IndusInd Bank (4.06%), M&M (3.73%), HDFC Bank (3.52%), Adani Ports (3.36%), Axis Bank (2.91%), ICICI Bank (2.45%), Bajaj Finance (2.19%), and Bharti Airtel (2.15%).
4. Top 10 Gainers on the Nifty
Shriram Finance led the Nifty gainers with a 4.81% rise, followed by Tata Motors (4.77%), Larsen & Toubro (4.34%), IndusInd Bank (3.97%), M&M (3.86%), Trent (3.57%), HDFC Bank (3.47%), Adani Ports (3.41%), Dr Reddy’s (3.24%), and Axis Bank (2.97%).
5. Trump’s Comments on Auto Tariffs
Donald Trump said at the White House that he was considering modifying the 25% tariffs on foreign auto and auto parts imports. He acknowledged that carmakers need more time and flexibility to adjust production, hinting at supportive policies ahead for global manufacturers
6. Investor Confidence Returns
The 90-day pause on reciprocal tariffs, including for countries like India, eased fears of a global trade war. This led to a sharp rebound in markets. The possibility of relaxed duties on key sectors like automobiles encouraged investors to return to equities, boosting both Sensex and Nifty.
