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Tanmay Tiwary specialises in covering equity markets, focusing primarily on sectors like automobile, FMCG, and new-age/internet companies. With almost five years of experience under his belt, Tiwary has previously worked with HT TechCircle (then NewsCorp TechCircle), CNBC TV, and Republic TV. He has also worked with Forbes and Sportskeeda. He holds post-graduate degrees from the University of Leicester and the Indian Institute of Journalism and News Media, Bengaluru.
Tanmay Tiwary specialises in covering equity markets, focusing primarily on sectors like automobile, FMCG, and new-age/internet companies. With almost five years of experience under his belt, Tiwary has previously worked with HT TechCircle (then NewsCorp TechCircle), CNBC TV, and Republic TV. He has also worked with Forbes and Sportskeeda. He holds post-graduate degrees from the University of Leicester and the Indian Institute of Journalism and News Media, Bengaluru.
In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
Tata Motors shares were buzzing in trade a day ahead of Q4 results, with the stock rising up to 3.39 per cent to hit an intraday high of ₹732.55.
At 6:50 AM, GIFT Nifty futures were trading 496 points higher at 24,561.5, indicating a gap-up start for the bourses.
In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.
The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
It could be easier for India to deal with reciprocal tariffs by increasing imports from the US to protect its existing exports to the US, said analysts at Kotak Institutional Equities.
GIFT Nifty hinted at a gap-up start. As of 6:48 AM, GIFT Nifty futures were up 378 points at 22,642, compared to the previous Nifty futures close of 22,263.
The rise in the Delhivery share price came after the company announced on April 5 that it had signed a definitive agreement to acquire a controlling stake in Ecom Express for about ₹1,400 crore
Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
The upward movement in Federal Bank's stock price came after the Hong Kong-based brokerage CLSA initiated coverage on the stock with an 'Outperform' rating.
Emkay analysts believe a possible US recession from tariffs could reduce Nifty's FY26 earnings by 3 per cent, potentially derating the index to 21,500 in the near-term.
The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India
In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35
The drop in these shrimp stocks followed the imposition of a 27 per cent reciprocal tariff on India by US President Donald Trump
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.
The fall in BEL share price came after the company missed its revenue guidance for the financial year 2025 (FY25).