• Source:JND
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Stock Market Live Update: Despite a sharp fall in the American and Asian stock markets, the domestic stock market is soaring high on Friday. The BSE benchmark index Sensex opened at 74835 with a bumper jump of 988 points. At the same time, the NSE's 50-share index Nifty started trade with a gain of 296 points at 22695.

Both the benchmark indices extended the opening gain and at around 9:24 am, the Sensex surged more than 12,00 Points to trade over 75000. The Nifty soared over 350 points to trade over 22780. All stocks from the Sensex basket were in the green except TCS. Out of 2296 stocks on NSE, 2106 were trading in green and 150 stocks were trading in negative territory.

Top Gainers:  From the Sensex firms, Sun Pharma, Tata Motors, HCL Tech, Tata Steel, Bajaj Finserv, Tech Mahindra, Reliance Industries, and Adani Ports were among the biggest gainers.

Losers:  Asian Paints and Nestle were the only laggards in the Sensex basket.

The rally in the domestic stock indices is largely fueled by US President Donald Trump's decision to pause reciprocal tariffs on up to 75 countries, potentially including India, temporarily for 90 days. Post the announcement US markets saw a dramatic rally on Wednesday, with the Dow Jones experiencing its largest single-day gain since the 2008 financial crisis, rising more than 3,000 points. However, the momentum was short-lived as Wall Street turned around on Thursday, losing over 1,000 points, wiping out almost one-third of its gains. 

The Indian market did not participate in the rally on Thursday as it was closed on account of Mahavir Jayanti. It is only cheering the US administration's decision to halt the tariff temporarily. 

Asian Market Is Down Today

Global markets were tense due to a separate US move to raise overall tariffs on Chinese imports to 145%, excluding vital industries like energy, semiconductors, copper, and pharmaceuticals. The move brought back the Asian market into negative territory. 

The Nikkei 225 in Japan dropped 4.55%.

The Kospi in South Korea fell 1.66%.

The ASX 200 in Australia fell 1.93%.

Investors in Asian countries continue to exercise caution in the face of growing trade tensions and global uncertainty, as evidenced by Thursday night's further decline in US stock futures.