Sensex surges 1,300 points, Nifty near 23,800: 5 factors why the Indian stock market is rising today | Stock Market News
Source: Live Mint
Stock market today: The Indian stock market appears to be on a bull run. Equity benchmarks—the Sensex and the Nifty 50—witnessed strong intraday gains on Thursday, April 17, and looked set to close in positive territory for the fourth consecutive session.
The 30-share pack Sensex opened at 76,968 against its previous close of 77,044 and surged 1328 points to hit an intraday high of 78,372. The Nifty 50 started the day at 23,402 against its previous close of 23,437 and jumped 1.5 per cent to an intraday high of 23,799.
Considering the day’s high, the Sensex has surged over 4,500 points in the last four days, while the Nifty 50 has gained 1,400 points or over 6 per cent.
Why is the Indian stock market rising?
Experts highlight the following five crucial factors that appear to be driving the Sensex and the Nifty 50 higher. Take a look:
1. Hopes of a trade deal between the US and India
The Indian stock market is riding on hopes of favourable trade negotiations between India and the US. Earlier, media reports suggested that US President Donald Trump may announce additional tariff exemptions after a 90-day pause on reciprocal tariffs.
“Things are expected to normalise quickly. India is likely to reach a favourable trade agreement with the US. The Nifty reclaiming the 24,000–25,000 levels in the next two to three weeks is very much a possibility,” said Pankaj Pandey, the head of research at ICICI Securities.
Moreover, experts believe that Trump’s tariff policies will not have as severe an impact on India as they will have on countries like China.
“The recent global tariff changes have added uncertainty to markets, but India is better positioned than before. With lower exposure to US trade and strong domestic demand, the direct impact remains manageable,” said Rahul Singh, CIO-Equities, Tata Asset Management.
to come…
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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
