Stock Market Opening: Nifty, Sensex Rebound; Nifty Bank on 4-Month High; Tata Motors, Samvardhana Lead Rally

Stock Market Today Opening: The Indian stock market followed the global stock market cues today as Nifty and Sensex made a strong start on Tuesday, April 15. The benhcmark indices, were apparently touched the April 2 levels, the day when United States President Donald Trump announced tariffs on several nations.

Nifty 50 opened 2.36% higher at 23368.3 points, whereas BSE Sensex gained 1694 points and opened to 76852 points today. Nifty Bank was at its 4-month high level of 52299 points. All the broad market indices were trading in green on Tuesday with Nifty Smallcap trading above 2%.

All the Nifty 50 stocks were trading in green as the stock market recovered from the impact of Donald Trump's rally. HDFC Bank, Reliance, IDFC Bank.

In its Tuesday's market commentary on Nifty Outlook, Nirmal Bang securities stated, "Nifty is expected to open on a gap up and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate Resistance at 23,170. If Nifty closes below that, further upside can be expected towards 23,240-23,300 mark."

Stock Market Recap

The Indian stock market witnessed a significantly volatile session last week. The Nifty and Sensex tanked more than 4% on Monday, with auto and IT stocks taking the worst hit. The Monday market crash was followed by a recovery phase, during which most of the stock market indices pared losses made on the first day of the week.

BSE opened at 71449.94 points on Monday last week and touched the weekly high mark of 75467.33. Several pharma, auto, and IT stocks, including Infosys, Tech Mahindra, Tata, Sun Pharma, HCL Tech, L&T, Tata Steel, etc, ended the week in red.

However, certain FMCG sector stock, including Nestle, ITC, and Hindustan Unilever, emerged as the week's star performers, registering up to 5% of gains during the last five trading sessions. Tata Steel, Adani Ports, and Reliance also made gains during the week. Shares of Gensol, Boston Bio, Tejassvi Aharam, etc, hit continuous lower circuit last week. While the market observers are expecting a bullish run of the Indian stock market today, there are chances that uncertainty over Donald Trump's tariffs are likely to impact the market sentiment. Apart from Trump tariffs, Q4 results of top companies like IREDA, etc will also impact the stock market sentiment.

Stressing on persistent stock market volatility this week, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, on Thursday said, "We expect the Indian markets to remain volatile, tracking global market cues, developments on the US tariffs and the Q4 corporate earning announcements. Key results in the next week include ICICI Lombard, ICICI Prudential, Wipro, Angel One, Infosys, HDFC Life, HDFC AMC, HDFC Bank, ICICI Bank amongst others."

Asian Market Rally Today

Asian stock markets, including Nikkeai, Hang Seng and Kospi advanced on Tuesday, April 15, as they continued to track the Wall Street gains a day ago. The bullish sentiment has come in the backdrop of Donald Trump's hint of a potential relaxation on US tariffs on smartphones and computers.
Japan's Nikkei and Tokyo Stock Exchange rallied on Tuesday amid Trump tariff optimism related to semiconductors. Japan's Nikkei 225 surged nearly 1.15%. Auto stocks shined brighter on the Japanese stock market, a trend that is likely to reflect on the Indian stock market as well. South Korea's Kospi also surged today.

Wall Street Ends Higher

The cheer in the Indian stock market and its other Asian peers stemmed after the US stocks ended higher on Monday. Apple emerged as the major gainer on the S&P 500. Global technology shares mostly rose on Trump announcement that he will announce tariff update on imported semiconductors, Shares of iPhone maker Apple opens new tab rose 2.2%. Dell Technologies (DELL.N), opens new tab gained 4% and HP (HPQ.N), opens new tab climbed 2.5%.