Stock market today: The Indian stock market witnessed a relief rally on Tuesday, April 8 — a trend seen across major markets globally after the recent drubbing — even though market sentiment remains fragile amid prevailing uncertainty over the direction of the ongoing trade war.
Many countries are negotiating with the US administration after President Donald Trump announced sweeping tariffs against them on April 2. Japan and the European Union have indicated they are willing to avert a trade war with the US.
Hopes of a trade deal boosted market sentiment in Asia and Europe. Japan’s Nikkei closed with a solid gain of 5.68 per cent, and in Europe, FTSE, CAC, and DAX traded with gains of about a per cent each when the Sensex closed.
Indian stock market benchmark Sensex snapped its three-day losing streak to end with a significant gain of 1,089 points, or 1.49 per cent, at 74,227. The NSE counterpart, Nifty 50, settled 374 points, or 1.69 per cent, higher at 22,536.
More to come…
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