Stock Market Rebounds Sharply After Monday’s Steep Fall

The Indian stock market opened on a strong note on Tuesday, April 8, bouncing back from its steepest single-day decline in the past 10 months, triggering widespread investor anxiety following a US tariff-driven selloff.

At 9:15 AM, the BSE Sensex surged 1,141.14 points, or 1.56 per cent, to reach 74,279.04. The NSE Nifty also opened in the green, climbing 401.10 points or 1.81 per cent to touch 22,562.70.

Among the Sensex constituents, Tata Steel led the rally with a 4.98 per cent gain, trading at Rs 136.05. Titan Company followed with a 4.71 per cent rise to Rs 3,166.05, while Tata Motors climbed 3.48 per cent to trade at Rs 600. Sun Pharmaceutical Industries was the only stock trading in the red, slipping 0.34 per cent to Rs 1,662.75.

Sector-wise, Nifty Consumer Durables posted the highest gains with a 3.25 per cent rise, reaching 35,112.40. Nifty Metal rose 2.99 per cent to 8,080.90, and Nifty Realty gained 2.42 per cent, touching 795.

This positive turnaround comes after a bloodbath in the previous trading session on Monday, April 7. The Sensex had nosedived 2,226.79 points or 2.95 per cent to close at 73,137.90, while the Nifty had plunged 742.85 points or 3.24 per cent, ending the day at 22,161.60.

Tata Steel had been the biggest loser in Monday’s session, dropping 7.73 per cent to Rs 129.60. Larsen & Toubro fell 5.78 per cent to Rs 3,070.85, while Tata Motors closed 5.54 per cent lower at Rs 579.85. Hindustan Unilever was the sole gainer on the Sensex, inching up 0.25 per cent to Rs 2,250.15.

The Metal Index on the Nifty had taken the biggest hit, dropping 6.75 per cent to close at 7,846.35. Nifty Realty declined 5.69 per cent to 776.20, and Nifty Media fell 3.94 per cent to end at 1,429.90.

Among the worst-hit in their respective sectoral indices on Monday were Lloyds Metals and Energy (down 8.86 per cent), National Aluminium Company (down 7.86 per cent), and JSW Steel (down 7.53 per cent) in Nifty Metal; Anant Raj (down 7.66 per cent), Sobha (down 7.46 per cent), and DLF (down 7.03 per cent) in Nifty Realty; and Zee Entertainment Enterprises (down 6.80 per cent), PVR Inox (down 5.55 per cent), and Dish TV India (down 4.35 per cent) in Nifty Media.

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Meanwhile, Foreign Institutional Investors (FIIs) were net sellers on Monday, offloading equities worth Rs 9,040.01 crore. In contrast, Domestic Institutional Investors (DIIs) bought equities worth Rs 12,122.45 crore, providing crucial support to the markets. The 10-year Indian Government Bond also saw a dip of 0.23 per cent, settling at Rs 102.05.

Despite recent volatility, Tuesday’s rebound suggests a potential return of investor confidence driven by domestic buying.