Daijiworld Media Network- Mumbai

Mumbai, Apr 3: In a significant rebound, the BSE Sensex soared by 593 points on Wednesday, reflecting positive investor sentiment ahead of the much-anticipated US tariff proposal.
The benchmark Sensex ended the day at 61,278.47, gaining 593.31 points or 0.98%, while the NSE Nifty advanced by 165.30 points or 0.91%, closing at 18,134.20.

Market experts attributed the rally to optimism surrounding the upcoming US tariff policy, which is expected to benefit Indian sectors like IT, pharmaceuticals, textiles, and manufacturing. Foreign Institutional Investors (FIIs) continued to inject capital, further boosting market confidence.

“The market responded positively to global cues and hopes of a favourable tariff proposal from the US. We have seen substantial buying interest in IT, banking, and pharma stocks,” remarked financial analyst Rajesh Shetty.

Leading gainers included Reliance Industries, Infosys, TCS, HDFC Bank, and Sun Pharma. Mid-cap and small-cap stocks also posted gains, indicating broad-based market strength.

Analysts believe that a favourable US tariff policy could propel the market further in the coming days. However, caution remains due to potential global uncertainties.

Investors are now eagerly awaiting official details of the US tariff announcement, which could play a pivotal role in shaping market trends and investor sentiment in the near future.