Taking Stock: Bulls back with all-round buying; Nifty regains 22,500, Sensex above 74,000 ahead of RBI policy

Market Today

Benchmark indices staged a strong rebound on April 8, snapping a three-day losing streak with Nifty 50 closing comfortably above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.

At close, the Sensex was up 1,089.18 points or 1.49 percent at 74,227.08, and the Nifty was up 374.25 points or 1.69 percent at 22,535.85. Nifty Auto, IT, Metal, Realty too snapped a three-day losing streak to rise between 1.2-2.5 percent. The BSE Midcap index rose 1.8 percent and Smallcap index added 2 percent.

The gains on April 9 have resulted in investors' wealth rise by more than Rs 7 lakh crore, as the market capitalization of BSE-listed companies jumped to Rs 396 lakh crore, from Rs 390 lakh crore in the previous session.

Overnight, the US stocks had ended lower on signs of the tariff spat escalating, after the European Union proposed counter-tariffs, while Trump threatened to add another 50% duty on US imports from China on Wednesday, if it did not withdraw its 34% retaliatory tariffs. Despite a weak handover from US, Asia bounced back to snap the slump sparked by concerns over President Trump’s tariff war.

Going forward, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will most likely opt for a rate cut in its latest policy review on April 9. The liquidity situation in the banking system has improved, supporting growth, which may be facing downward risk due to the tariff impact, economists have said.

Also Read: We could already be seeing a Trump bottom, says Prashant Khemka

Among key stocks, Jio Financial, Shriram Finance, Titan Company, Cipla, Bharat Electronics were the major gainers on the Nifty, while only loser was Power Grid.

All the sectoral indices ended in the green with Capital Goods, Consumer Durables, FMCG, Oil and Gas, PSU, Realty, Telecom, Media up 2-4 percent.

Index	Prices	Change	Change%
Sensex	85,102.69	-609.68	-0.71%
Nifty 50	25,960.55	-225.90	-0.86%
Nifty Bank	59,238.55	-538.65	-0.90%

Nifty 50 25,960.55 -225.90 (-0.86%)

Mon, Dec 08, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Tech Mahindra	1,591.80	21.00	+1.34%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	4,923.50	-447.00	-8.32%

Best Sector	Prices	Change	Change%
Nifty IT	38590.70	-113.00	-0.29%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8146.10	-235.65	-2.81%

The combination of oversold condition and a strong recovery in global equities helped the Index begin the session on a positive note. Despite a short dip during the opening trade, Nifty50 managed to extend its gains, finishing the day higher at 22,535.85 with gains of 374.25 points. All sectors closed in the green, with Media and PSU Banks leading the way. With gains of over 2%, Mid and Small-cap stocks outperformed the Frontline Index.

The Spinning Top candlestick pattern observed on the daily chart suggests indecisiveness between the bulls and bears. Under normal circumstances, the day’s high and low (22,700 and 22,270, respectively) would serve as immediate resistance and support levels. A breakout above or below these levels would signal a clear trend direction.

Today, the Indian stock market rebounded strongly with the Sensex surging over 1,000 points to close at 74,227, and the Nifty 50 ending above 22,500. This recovery was driven by several factors, including positive global cues as Asian markets showed resilience and some easing of trade war fears as investors began to believe that the US-China trade tensions might not significantly impact other major economies.

Hopes of a possible RBI rate cut to address liquidity challenges contributed to the upside. The market's fear gauge, India VIX, dropped significantly, indicating reduced investor anxiety. Market expectations remain cautiously optimistic, with investors awaiting clarity on global trade developments and the RBI's policy stance.

Despite ongoing uncertainty, the stable macroeconomic fundamentals of India and fair valuations in large-cap stocks are expected to support the market in the long term. Overall, the market's ability to bounce back from significant losses suggests a robust underlying sentiment, though investors are likely to remain in a wait-and-watch mode until more clarity emerges on global trade tensions.

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