The Indian stock markets staged a robust relief rally on Tuesday, snapping a three-day losing streak ahead of the Reserve Bank of India's (RBI) monetary policy decision on April 9.&nbsp;
Both the Sensex and Nifty rose sharply, each gaining around 1.5% by the end of the day as investors brushed aside concerns over US tariff threats.
The Sensex jumped 1,089 points, or 1.49%, to close at 74,227.08, while the Nifty climbed 374 points, or 1.69%, to settle at 22,535.85.
The rebound came after sharp declines in the previous sessions driven by worries around US President Donald Trump&rsquo;s proposed reciprocal tariffs from Wednesday (US time) and rising trade tensions with China.
Broader markets also participated in the rally, with the BSE Midcap index rising by 1.87% and the Smallcap index advancing 2.18%&mdash;showing strong investor interest across the board.
Sector-wise, the gains were led by Nifty Financial Services, FMCG, IT, PSU Bank, Auto, and Realty, which all posted gains of up to 2%.
On the 30-stock Sensex index, top performers included Titan, which rose 3.255, followed by Bajaj Finance at 3.21%, Larsen &amp; Toubro at 3.07%, State Bank of India at 3%, and Axis Bank at 2.91%.&nbsp;
Power Grid was the only stock that closed lower. The positive sentiment was also reflected in global markets.&nbsp;
Japan&rsquo;s Nikkei 225 posted a stunning 6% gain, while the Shanghai Composite Index jumped 1.58% and Hong Kong&rsquo;s Hang Seng Index rose 1.51%.
Investors are now keenly awaiting the outcome of the Reserve Bank of India&rsquo;s Monetary Policy Committee (RBI MPC) meeting on rate cut and others.
Alongside the policy review, upcoming corporate earnings for the fourth quarter (Q4) and other key macroeconomic indicators will also guide investor sentiment through the week.
&ldquo;Market sentiment remains upbeat as investors bet on a steady policy from the central bank and strong domestic fundamentals,&rdquo; experts noted.&nbsp;
&ldquo;India is getting ready for the RBI MPC tomorrow, where we expect 25bps rate cut (in line with consensus),&rdquo; said Jaykrishna Gandhi of Emkay Global Financial Services.
He added that &ldquo;we also expect a possible change in stance to &lsquo;accommodative&rsquo; to give directional easing bias.&rdquo;
&mdash;IANS
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Investors are now keenly awaiting the outcome of RBI MPC meeting on rate cut (File Photo)

Sensex and Nifty rose by 1.5% as investors brushed aside concerns over US tariff threats

Sensex, Nifty Surge Ahead of RBI MPC Decision

Sensex and Nifty rose by 1.5% as investors brushed aside concerns over US tariff threats

April 8, 2025 | 17:32 IST