Sensex Gains 400 Points As Market Project Resilence Ahead Of Trump Tariffs

The Indian indices returned to the board for trade on Wednesday, April 2, with some renewed optimism. The benchmark indices made gains of just under 0.50 per cent in the early hours of the day's trade on Wednesday.

Indian Indices Steady Themselves

This comes to pass after a day of colossal decline at the bourse on Tuesday, which saw the major indices collapse and crumble under the pressure of the impending US tariffs.

In a short recap, the BSE Sensex shed over 1,300 points and all the major key NSE indices, including sectoral indices, closed with losses of over 1 per cent.

Today, however, the story was relatively different. While the indices appear to be trading with caution, they are still floating above the red line.

At the BSE end, the prestigious Sensex index made gains of 436.52 points or 0.57 per cent, taking the overall value of the index to 76,461.03, in the early hours of the day's trade.

Gains At NSE

At the NSE end, the situation largely remains similar, as the NSE Nifty index grew by 102.30 points or 0.44 per cent.

NIFTY 50 INDEX

This took the overall value of the index to 23,268.00 at the time of writing.

When it comes to the Nifty Bank index, a major index in terms of the significance its holds, the banking index made noticeable progress in the intraday trade.

NIFTY BANK INDEX

On the second day of the new fiscal year, the Nifty Bank index surged to 51,159.20, thanks to a rise of 0.65 per cent or 331.70 points.

Trump's Tariffs

This resilience from the Indian indices comes at a time, when Dalal Street is gearing up to bear with the monumental impact of Donald Trump's tariffs, that are expected to kick in today.

.@PressSec on unfair trade practices on the U.S.:

🥛 50% tariff from the EU on American dairy
📈 700% tariff from Japan on American rice
🌽 100% tariff from India on American ag products
🧈 300% tariff from Canada on American butter & cheese

T-1 DAY UNTIL LIBERATION DAY! pic.twitter.com/EzYqL42efJ

— The White House (@WhiteHouse) April 2, 2025

Trump will announce the specifics of these tariffs later today. And, according to the White House, these tariffs will take place immediately.

In addition, reports have suggested that India has arrived at important terms for a US-India trade deal, which in all likelihood may include cuts from Indian sides, affecting many businesses in the bargain.