Mumbai, April 8 || The Indian stock markets staged a robust relief rally on Tuesday, snapping a three-day losing streak ahead of the Reserve Bank of India's (RBI) monetary policy decision on April 9.
Both the Sensex and Nifty rose sharply, each gaining around 1.5 per cent by the end of the day as investors brushed aside concerns over US tariff threats.
The Sensex jumped 1,089 points, or 1.49 per cent, to close at 74,227.08, while the Nifty climbed 374 points, or 1.69 per cent, to settle at 22,535.85.
The rebound came after sharp declines in the previous sessions driven by worries around US President Donald Trump’s proposed reciprocal tariffs from Wednesday (US time) and rising trade tensions with China.
Broader markets also participated in the rally, with the BSE Midcap index rising by 1.87 per cent and the Smallcap index advancing 2.18 per cent -- showing strong investor interest across the board.
Sector-wise, the gains were led by Nifty Financial Services, FMCG, IT, PSU Bank, Auto, and Realty, which all posted gains of up to 2 per cent.
On the 30-stock Sensex index, top performers included Titan, which rose 3.25 per cent, followed by Bajaj Finance at 3.21 per cent, Larsen & Toubro at 3.07 per cent, State Bank of India at 3 per cent, and Axis Bank at 2.91 per cent.