Nifty, Sensex rise for 2nd week as Trump sets April 2 as "Reciprocal Tariffs Day"

The Indian stock markets extended their strong rally into the second consecutive week, buoyed by strong foreign inflows and a recovery in domestic economic indicators.

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The benchmark indices opened with notable gains on Monday, reflecting strong investor sentiment. The Nifty 50 index opened at 23,515.40, marking a gain of 165 points or 0.71 per cent, while the BSE Sensex surged by 550 points or 0.72 per cent to open at 77,456.27.

The positive momentum follows a stellar performance last week, where both indices recorded gains of more than 4 per cent, their best weekly performance in the last four years.

The experts noted that the global economic and geopolitical environment remains a source of uncertainty for governments, businesses, and consumers. Investors are closely monitoring disruptions to the 80-year-old world economic and geopolitical order, with a hot war ongoing in Europe, a brewing cold war with China, and persistent Middle East tensions fueling market anxieties.

Adding to the global economic shifts, U.S. President Donald Trump has designated April 2nd as "Reciprocal Tariffs Day", highlighting a more aggressive trade stance that could impact global trade flows.