Today, the stock market is experiencing flat trading. The Sensex has dropped by about 50 points, currently trading at 76,750. The Nifty, on the other hand, has gained around 20 points, trading at 23,300.
Among the 30 stocks of the Sensex, 22 have seen slight declines. Shares of Infosys, Maruti, and HCL Tech have dropped by more than 1%. On the other hand, HDFC Bank, IndusInd Bank, and Kotak Mahindra Bank have seen some gains.
Out of the 50 Nifty stocks, 36 have experienced declines. Sectoral indices in the Auto and IT sectors have witnessed the most significant losses, while the Media, Metal, and Pharma sectors have gained.
In the global markets, there has been a slight decline. On April 15, the US Dow Jones dropped by 155 points (0.38%), the Nasdaq Composite fell by 8 points (0.049%), and the S&P 500 dropped by 9 points (0.17%).
Asian markets have also seen declines: Japan’s Nikkei dropped by 251 points (0.73%), closing at 34,016; South Korea’s Kospi fell by 14 points (0.58%), trading at 2,463; China’s Shanghai Composite was down by 0.92%, trading at 3,237; and Hong Kong’s Hang Seng Index dropped by 2.59%, closing at 20,910.
Foreign institutional investors (FIIs) bought shares worth ₹6,065.78 crore on April 15, while domestic institutional investors (DIIs) sold shares worth ₹1,951.60 crore.
Two reasons for the market’s rally:
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90-Day Tariff Relief from the US: On April 9, following the US President’s decision to delay mutual tariffs for 90 days, excluding China, the market surged by 12%. The next day, on April 10, Asian markets saw a 10% rally. Despite declines in the US and other Asian markets, the Indian market has remained resilient.
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Hope for an India-US Trade Deal: The temporary tariff relief is expected to accelerate ongoing bilateral trade discussions between India and the US. Unlike China, India’s exporters could gain a competitive advantage in the short term.
On April 15, the Sensex surged by 1,578 points (2.10%), closing at 76,735, while the Nifty increased by 500 points (2.19%), closing at 23,329. Among the Sensex stocks, 28 out of 30 saw gains. IndusInd Bank surged by 6.70%, Tata Motors by 4.61%, Larsen & Toubro by 4.50%, Axis Bank by 4.23%, and Adani Ports by 4.13%. The Nifty saw 49 out of 50 stocks gain, with sectors such as Realty (5.64%), Auto (3.39%), Financial Services (3.28%), Metal (3.20%), and Media (2.97%) showing the highest gains.
