Stock Market Updates: Sensex Gains 200 Points, Nifty Above 22,500; IndusInd Bank Falls 6% – News18
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Equity benchmark indices opened Wednesday’s trading session on a positive note, buoyed by gains in Airtel and select banking stocks
Stock Market Updates Today.
Stock Market Today: Equity benchmark indices opened Wednesday’s trading session on a positive note, buoyed by gains in Airtel and select banking stocks. However, IT shares continued to face losses in early trades.
The BSE Sensex began the day 170 points higher at 74,270, quickly rising to a high of 74,392. The index later trimmed some gains, settling 100 points higher at 74,200.
Global Cues
In the US, stock indices extended their losses overnight. The Dow Jones dropped by over 1%, while the S&P 500 and NASDAQ also saw declines after US President Donald Trump announced plans to double tariffs on steel and aluminum imports from Canada. However, recent reports indicate that Trump has now decided against imposing additional tariffs on Canada.
Earlier, Trump had announced an increase in tariffs on all steel and aluminum imports from Canada to 50% in retaliation against Ontario’s decision to impose a 25% tariff on its electricity exports to the US. Additionally, he threatened to “substantially increase” tariffs on car imports into the US, set to take effect on April 2.
In the Asia-Pacific region, Australian indices such as the ALL Ordinaries and ASX 200 were down by around 1.5% each. The Hang Seng fell 0.3%, and the Straits Times Index declined by 0.1%. However, the Nikkei gained 0.2%, while the KOSPI and Taiwan indices surged by 1.4% and 0.8%, respectively.
