MUMBAI, April 8 – Indian shares rebounded sharply on Tuesday, recovering from their worst single-day loss in 10 months, as investors engaged in value buying amid a broader recovery in Asian and European markets. The benchmark BSE Sensex jumped 1,089.18 points, or 1.49%, to close at 74,227.08, with 29 of its 30 constituents ending in positive territory. Earlier in the session, the index surged as much as 1,721.49 points, or 2.35%, to hit an intraday high of 74,859.39.
The broader NSE Nifty 50 gained 374.25 points, or 1.69%, to finish at 22,535.85, after rising 535.6 points, or 2.41%, during intraday trading.
Monday’s dramatic sell-off had erased ₹15 trillion ($180 billion) in investor wealth, triggered by fears of a global recession following U.S. President Donald Trump’s aggressive tariff threats against China. The Sensex had plunged 2,226.79 points (2.95%) while the Nifty slumped 742.85 points (3.24%) – both recording their steepest declines since mid-2024.
“All sectors contributed to the rebound,” said Anuj Agarwal, a Mumbai-based market analyst. “The bounce was largely technical after an overreaction on Monday, but sentiment remains fragile.” Among top gainers on Tuesday were Titan, Bajaj Finance, State Bank of India, Larsen & Toubro, Axis Bank, Bajaj Finserv, Asian Paints and Zomato. Power Grid was the only Sensex stock to close in the red.
The recovery mirrored gains in global markets. Tokyo’s Nikkei 225 soared 6%, while Hong Kong’s Hang Seng, Shanghai’s SSE Composite and South Korea’s Kospi also ended higher, clawing back from Monday’s heavy losses. European equities opened stronger and were trading in the green. However, U.S. markets ended mostly lower on Monday amid ongoing concerns about inflation and trade tensions.
Meanwhile, exchange data showed Foreign Institutional Investors (FIIs) sold equities worth ₹9,040.01 crore on Monday, while Domestic Institutional Investors (DIIs) were net buyers to the tune of ₹12,122.45 crore. Crude oil prices inched higher, with Brent crude futures rising 0.22% to $64.35 per barrel. Investors are expected to remain cautious ahead of further developments in the escalating U.S.-China trade tensions, which continue to weigh on global risk sentiment
