Stock Market Live Updates: Nifty Holds Above 22,400, Sensex Gains Over 200 Points
The Indian stock market opened positively but briefly turned negative before rebounding into the green. The Nifty remains above 22,400, while the Sensex is up over 200 points. All sectoral indices are in the green, with media, metal, oil & gas, and pharma stocks gaining nearly 1% each. The broader market is also performing well, with the BSE Midcap index rising 1% and the Smallcap index up 1.6%.
Key Market Updates:
- Trump’s Tariff Warning: US President Donald Trump has criticized India’s high tariffs, particularly in the auto sector, where duties exceed 100%. From April 2, the US will impose reciprocal tariffs matching India’s levies. He also hinted at additional trade restrictions if American firms face barriers in India.
- Bond Market Selloff in Asia: A sharp selloff in bonds has pushed Japan’s 10-year yield to 1.5%, its highest level since 2009, amid inflation worries. German bunds’ heavy selling led to a spike in US Treasury yields, nearing 4.3%. Bond yields in Australia and New Zealand also rose significantly.
- US Markets Performance: Wall Street ended higher on Wednesday, with the Nasdaq surging 1.46% to 18,552.73. The Dow Jones gained 1.14% to 43,006.59, while the S&P 500 climbed 1.12% to 5,842.63.
