Share Market Update: Indian Stocks Bounce Back on April 8 After Monday’s Bloodbath 📊📈
- 🔴 Monday’s Market Shock: Indian stocks suffered a massive sell-off, with the Sensex plunging 2,226.79 points and Nifty50 dropping 742.85 points amid fears over the impact of tariffs on global trade. The Sensex closed at 73,137.90, and Nifty50 at 22,161.60.
- 📈 Tuesday’s Rebound: On April 8, 2025, the market showed signs of recovery. The Sensex surged by 1,155.39 points, opening at 74,293.29. Nifty50 climbed by 356 points, opening at 22,517.60.
- 🔝 Sectoral Boost: All sectoral indices opened in the green, reflecting strong investor sentiment, following the heavy losses on Monday.
- 📊 Top Gainers: At NSE, Titan Company, Tata Steel, Hindalco Industries, Tata Motors, and Shriram Finance led the rally. On BSE, both Midcap and Smallcap indices rose by 2% each.
- 💡 Expert Opinion: Akshay Chinchalkar, Head of Research at Axis Securities, noted that while the Nifty experienced its largest drop of the year, the recovery at the close was a positive sign. The critical resistance levels are 22,572-22,685, with support near 22,015-22,130.
- 🌍 Global Concerns: Experts continue to voice concerns over global trade disruptions, fearing that the tariffs could slow down economic growth and impact corporate earnings across the world.
The market’s rebound after Monday’s crash signals cautious optimism, but traders are keeping an eye on the global trade situation. 📉💬
