Shares of Indian Hotels Company Ltd settled 6.14 percent higher at Rs 837 per share on the NSE. Earlier in the day, the stock jumped 6.27 percent to an intraday high of Rs 838.05 apiece.
All the 13 major sectors are trading in green. High-weightage financials rose 2.2%. The broader smallcaps and midcaps gained 2.57% and 2%, respectively.
On Friday, Trump had announced an exemption on a range of consumer electronics from a planned 125 percent tariff on Chinese goods and a 10 percent global flat rate, which turned out to be temporary, as on Sunday, he said these items are ‘just moving to a different Tariff bucket’.
Stock markets in India will remain shut for two days to observe Dr. Baba Saheb Ambedkar Jayanti and Good Friday.
Sensex, Nifty surged on hopes of a bilateral trade agreement (BTA) between India and the United States, before the end of the 90-day tariff pause, set to expire on July 9.
Metal shares were among the major gainers on Friday as the global tariff war fears subsided on Trump's 90-day pause.
Sensex, Nifty gained sharply on Friday on hopes of a possible India-US trade agreement before the end of 90-day pause on the reciprocal tariffs.
90-day pause on reciprocal tariffs is expected to bring a relief rally in the domestic equities. The pause also provides New Delhi a breather to finalise a bilateral trade agreement (BTA) with Washington.
The broader markets mirrored the sharp fall in benchmark indices, with the mid- and the small cap indices falling up to 2 percent.
Sensex, Nifty dropped after a day’s pause, as investors turned risk-averse amid a worsening tariff battle between the United States and China.
The stock markets will remain shut for a total of three days this month on the occasion of Mahavir Jayanti, Ambedkar Jayanti and Good Friday.
Apple is looking to source more shipments from India as an interim arrangement to offset the high cost of imports on other Asian countries.
Almost all of the 13 major sectoral indices were trading in the green, following a recovery in Asian peers and across the board buying.
Stock markets crashed today amid growing fears of a global trade war, after China imposed retaliatory tariffs of 34% on the US. This move followed the US imposing reciprocal tariffs on around 60 countries, including 26% on India and 54% on China, factoring in earlier tariffs.
India Vix witnessed one of the steepest rises on Monday as investors brace for high volatility amid global trade war fears.
Mid-, Small-cap index tumbled over 3 percent on Friday, mirroring sharp losses in the benchmark indices amid fears of a global trade war.
Stock market today: Sensex, Nifty extended decline in Friday's trade amid global trade war fears, eroding investor wealth by over Rs 9 lakh crore.
Reciprocal tariffs by the United States has stoked fears of a full-blown trade war, with China and Canada vowing countermeasures, adding to the nervousness among investors.
Sensex, Nifty recouped most of their losses amid exemption of pharmaceutical products from new US reciprocal tariffs and India’s relatively lower tariff burden
Sensex and Nifty slipped in early trade on Thursday, tracking weak global cues after US President Donald Trump imposed 26 per cent reciprocal tariffs on about 60 countries, including India.
Macquarie identified six stocks as 'Rising Stars' in its latest India Strategy report, saying that these companies could deliver up to 65 percent returns over the next three years.
Sensex and Nifty surged in trade on Wednesday, recovering from the sharp losses in the previous session, amid value buying.
Analysts see the present correction as a healthy pullback following a recent sharp uptrend but note that key support levels will be crucial in determining market direction.
Nuvama has also downgraded the IT sector as valuations reach post-COVID highs amid ongoing growth concerns.
Sensex, Nifty declined nearly 2 percent in Tuesday's trading session, dragged by IT stocks amid uncertainty over Trump's reciprocal tariffs.