Bulls Take Charge: Nifty 50 Ends 385 Points Higher in Market Comeback

India's Nifty 50 index made a fighting comeback on Tuesday, April 8, 2025, surging 1.74% to provisionally close above the key 22,500 level. The bounce comes after Monday's dramatic sell-off on U.S. tariff tensions and recession jitters in global markets. Global market positives and widespread buying across sectors boosted the upsurge, reviving investor confidence.

Key Points
Market Performance:

Nifty 50 jumped 385.50 points to end at 22,547.10, rising 1.74%.

BSE Sensex also jumped more than 1,200 points to close at 74,350.

Global Sentiment Boost:

Wall Street's late rescue on Monday and gains in the Asian markets, including Japan's Nikkei (+6%), improved investor sentiment worldwide.

Sectoral Gains:

Major sectors such as metals, IT, and realty witnessed heavy buying interest. Significant gainers were Tata Steel, Hindalco, Titan, and Shriram Finance.

Technical Indicators:

Nifty held its swing low of 21,800 on Monday and exhibited signs of support at lower levels, triggering bargain-hunting.

Domestic Resilience:

India is regarded as comparatively better placed despite global uncertainties owing to robust fundamentals and possible trade talks with the U.S.

Volatility Persists:

The Volatility Index rose by 66% on Monday but softened a bit as markets steadied. Experts are still wary of long-term recovery amidst continuing tariff spats.

Sources:
Times of India, Republic World, Business Standard, India Today, CNBC TV18, Upstox