Market Opening Bell: Indices surge over 1.5%; NIFTY50 trades above 22,500, SENSEX jumps 1,142 pts; Titan rises 7%

The Indian stock market on Tuesday, April 8, soared over 1.5% during the opening session, a day after witnessing one of its worst crashes. Market investors gained confidence following the optimism in the Asian markets.

The quick turnaround comes after US President Donald Trump said he may raise more tariffs against China after Beijing retaliated with new levies on US products. “…if China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL tariffs on China of 50%, effective April 9th,” US President Donald Trump had written on his social media account of Truth Social on Monday.

At 9:17 AM, the S&P BSE SENSEX surged 1,141.97 points, or 1.56%, at the 74,279.87 level, while NSE’s NIFTY50 was at the 22,540.85 level, rising 379.25 points, or 1.71%.

The market breadth remained in favour of positive as 2,101 stocks advanced out of 2,375 traded during the early session.

Titan, Bharat Electronics, Adani Ports, Bajaj Finserv and Adani Enterprises were the most contributing scrips, gaining as much as 5.19% on NSE.

The broader market also saw a positive start as both the midcap and smallcap indices climbed over 2%.

Among sectors, banking, consumer durables and realty were the most gainers on NIFTY50 index.

According to exchange data, the foreign institutional investors (FIIs) offloaded equities worth ₹9,040.01 crore on a net basis on Monday.

Globally, the US stocks witnessed a volatile session as investors digested changing headlines related to tariffs.

The Dow Jones Industrial Average fell 349.26 points, or 0.91%, to 37,965.60, and the S&P 500 declined 11.83 points, or 0.23%, to 5,062.25; however, the Nasdaq Composite rose 15.48 points, or 0.10%, to 15,603.26.

Asian markets opened higher on Tuesday. Japan's Nikkei 225 share benchmark edged higher by more than 6%, a day after it crashed 8%. Hong Kong’s Hang Seng also recovered some lost ground, but not close to its 13.2% dive on Monday. The Hang Seng grew 1.7% to 20,163.97. The Shanghai Composite Index gained 0.8% to 3,121.72.

Elsewhere, South Korea's Kospi gained 1.6% to 2,364.22, while the S&P/ASX 200 was also up 1.6%, at 7,462.60.

As many as 2,447 stocks traded on the NSE during the early session, among which 2,158 stocks were trading in the green, only 238 in the red and 51 shares remained unchanged.

This indicated that the market breadth was in favour of positive.

Meanwhile, only 8 stocks hit their one-year highs in the early trade, while 11 stocks touched their 52-week lows.

Further, 50 stocks hit their upper circuits while 22 hit their lower circuits.

India VIX, the volatility gauge, was trading 13.15% lower at 19.80 levels.

After tanking over 3% on Monday, the broader market rebounded. Nifty Midcap 100 jumped 1,68% to the 49,888.15 level, while Nifty Smallcap 100 increased 1.89% to the 15,464.55 mark.

The stock climbed 5.34% to ₹2,030 apiece on the National Stock Exchange (NSE) at 9:21 am.