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Key gauges end on strong note as global sentiment improves
Apr-15-2025

Indian equity benchmarks ended on strong note on Tuesday, tracking a rally in global markets after US President Donald Trump relaxed some of the tariffs on electronics products and hinted at duty revision for automobiles. All major sectors contributed to the up move, with Realty, Industrials and Capital Goods emerging as top performers. The broader markets also staged a strong recovery, with both midcap and smallcap indices rising over 3% each.

Some of the important factors in today’s trade: 

Wholesale inflation eases to 2.05% in March: The wholesale price index (WPI) based inflation eased to 2.05 per cent in March, as against 2.38 per cent in February. The WPI based inflation, however, rose year-on-year. It was 0.26 per cent in March 2024. 

US curbs on Chinese goods open export window for Indian e-sellers: GTRI said the US tightening of low-value e-commerce shipments from China has opened up huge opportunities for Indian online exporters, as they can fill the gap if the red tape is eased and the government provides timely support.

Reciprocal tariffs by US to impact only 0.1% of Indian GDP: Exuding confidence in price competitiveness and continued government support, PHD Chamber of Commerce and Industry (PHDCCI) said that the reciprocal tariffs imposed by US President Donald Trump will impact only 0.1 per cent of the Indian GDP.

Rupee rises against US Dollar: Indian rupee strengthened for the second straight session against the US dollar due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties.

Global sentiment improves: Asian markets settled higher on Tuesday, lifted by optimism about exemptions on auto tariffs by the U.S. President Donald Trump, who said he is considering temporarily exempting the levies on auto and auto components imports. European markets were trading higher, as Germany's wholesale price inflation weakened in March after accelerating last month. Wholesale prices grew 1.3 percent year-on-year in March, following an increase of 1.6 percent in February.

Finally, the BSE Sensex rose 1577.63 points or 2.10% to 76,734.89, and the CNX Nifty was up by 500.00 points or 2.19% to 23,328.55.   

The BSE Sensex touched high and low of 76,907.63 and 76,435.07 respectively. There were 28 stocks advancing against 2 stocks declining on the index.

The broader indices ended in green; the BSE Mid cap index rose 3.02%, while Small cap index was up by 3.21%.

The top gaining sectoral indices on the BSE were Realty up by 5.81%, Industrials up by 3.76%, Capital Goods up by 3.67%, Auto up by 3.39% and Consumer discretionary up by 3.12%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Indusind Bank up by 6.84%, Larsen & Toubro up by 4.50%, Tata Motors up by 4.50%, Axis Bank up by 4.18% and Adani Ports &SEZ up by 4.02%. On the flip side, ITC down by 0.36% and Hindustan Unilever down by 0.23% were the only losers.

Meanwhile, CareEdge in its latest report has said that India’s healthcare expenditure will surge from 3.3 per cent to 5 per cent of its GDP by 2030. Highlighting the opportunity, the report said that India’s healthcare sector is on the cusp of significant transformation, driven by increased public and private investments, policy initiatives, and demographic shifts. It further stated that despite the current challenges, including disparities in healthcare infrastructure and the availability of medical services in the workforce between urban and rural areas, the future looks promising with sustained efforts and strategic investments. As of 2022, India’s healthcare spending accounted for 3.3 per cent of the Indian GDP.

Krunal Modi, Director, CareEdge Ratings, emphasised, ‘India’s healthcare landscape is evolving rapidly. The government’s commitment to increasing healthcare spending, coupled with private sector participation, is laying a strong foundation for improved healthcare access and quality.’ He added ‘The doubling of medical seats, expanded health insurance coverage, and continued addition of hospital beds are positive steps towards building a robust healthcare system. As we move forward, a balanced approach that incorporates concerted efforts from both the public and private sectors will be essential in achieving our healthcare goals and delivering better health outcomes for all citizens.’

Besides, it said that the rising share of the population aged over 45 years, coupled with income growth, is also expected to catalyse higher demand for quality healthcare services. This demand will likely translate into sustained investments across the entire value chain, from medical education and training to hospital infrastructure and digital healthcare technologies.

The CNX Nifty traded in a range of 23,368.35 and 23,207.00. There were 49 stocks advancing against 1 stock declining on the index.   

The top gainers on Nifty were Indusind Bank up by 6.67%, Shriram Finance up by 5.17%, Tata Motors up by 4.61%, Larsen & Toubro up by 4.59% and Axis Bank up by 4.35%. On the flip side, ITC down by 0.28% was the lone loser.

European markets were trading higher; UK’s FTSE 100 increased 68.84 points or 0.85% to 8,203.18, France’s CAC rose 17.73 points or 0.24% to 7,290.85 and Germany’s DAX gained 215.16 points or 1.03% to 21,169.99.

Asian markets settled higher on Tuesday tracking Wall Street’s gains overnight buoyed by a rebound in technology shares following a surprise US tariff exemption of smartphones and computers, as well as other devices and components such as semiconductors from US President Donald Trump's new reciprocal tariffs. Japanese shares gained, with companies such as Toyota Motor Corporation shares jumped after Trump said he is exploring a pause in auto tariffs. Moreover, South Korean shares rose ahead of the Bank of Korea's interest-rate decision due on Thursday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,267.66

4.85

0.15

Hang Seng

21,466.27

48.87

0.23

Jakarta Composite

6,441.68

73.16

1.14

KLSE Composite

1,486.43

5.57

0.38

Nikkei 225

34,267.54

285.18

0.83

Straits Times

3,624.72

75.81

2.09

KOSPI Composite

2,477.41

21.52

0.87

Taiwan Weighted

19,857.67

344.58

1.74
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