India’s frontline equity indices witnessed a strong rally in early trade on Tuesday, driven by positive global cues that lifted investor sentiment.
Shortly after the opening bell, the Nifty 50 was trading 467 points, or 2.05%, higher at 23,295.55, while the Sensex jumped 1,569.89 points, or 2.09%, to 76,727.15.
All sectoral indices were in the green, with Nifty Auto leading the pack with a nearly 3% surge. The Nifty Bank index soared 2%, while the IT, pharma, and metal indices also posted strong gains.
Among individual stocks, Tata Motors, M&M, and Bharat Forge rallied as much as 8% in early trade.
Broader markets underperformed the benchmarks, as the Nifty Smallcap 100 and Nifty Midcap 100 each rose by 1.3%.
The rupee also strengthened, opening 20 paise higher at 85.85 against the US dollar. It had closed at 86.05 per dollar on Friday.
According to market analysts, US President Donald Trump’s decision to pause tariffs for 90 days contributed significantly to the improved sentiment.
On the institutional front, foreign institutional investors (FIIs) continued their selling streak for the ninth consecutive session on April 11, offloading equities worth ₹2,519 crore. In contrast, domestic institutional investors (DIIs) remained net buyers, purchasing equities worth ₹3,759 crore on the same day.
While the bulls currently seem to be holding momentum, experts caution that intraday volatility and profit booking near resistance levels remain possible.
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