On Tuesday, April 15, the Indian stock market experienced remarkable growth for the second day in a row, propelled by favorable global conditions. The key indices, the Sensex and Nifty 50, soared past 76,700 and 23,300, respectively. The Sensex gained an impressive 1,578 points, or 2.10%, settling at 76,734.89, while the Nifty 50 climbed 500 points, marking a 2.19% increase to finish at 23,328.55. Meanwhile, the India VIX, a measure of market volatility, plummeted nearly 20%, nearing 16.
Strong Performance in the Broader Market
The rally was even more pronounced in the broader market, with the BSE Midcap and Smallcap indices surging by 3.02% and 3.21%, respectively. Investors collectively gained approximately ₹10 lakh crore in just one session, as the market capitalization of BSE-listed companies jumped to nearly ₹412 lakh crore, up from around ₹402 lakh crore previously. Over the past two sessions, the Sensex has appreciated by 3.9%, while the Nifty 50 has risen by 4.1%, enriching investors by about ₹18 lakh crore.
Key Factors Behind the Market Surge
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Positive Global Trade Dynamics
The Indian stock market’s upward trajectory is largely attributed to diminishing trade war concerns and the anticipation that India will remain relatively insulated from potential tariffs imposed by the U.S. President Donald Trump announced a 90-day halt on reciprocal tariffs, which has fueled optimism for trade negotiations between the two nations. - Trade Liberalization Efforts
Indian officials are reportedly moving toward trade liberalization with the U.S., as stated by Sunil Barthwal, India’s trade secretary. He highlighted that discussions would commence this month, with in-person talks set for mid-May, further bolstering market sentiment.
Market Highlights
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Only One Decliner in Nifty 50
Among the Nifty 50 stocks, ITC was the sole decliner, dropping 0.28% after three consecutive days of gains. Despite this dip, it remains up about 3% for the month following a 4% rise in March. -
Top Gainers of the Day
Notable gainers included:- IndusInd Bank: +6.67%
- Shriram Finance: +5.17%
- Tata Motors: +4.61%
- Sectoral Performance
All major sectors closed in the green, with Nifty Realty leading the pack, up by 5.64%. Other strong performers included:- Nifty Auto: +3.39%
- Nifty Metal: +3.20%
- Nifty Financial Services: +2.95%
Trading Volume Insights
According to the National Stock Exchange (NSE), the most actively traded stocks by volume included:
- Vodafone Idea: 49.5 crore shares
- Easy Trip Planners: 10.9 crore shares
- Jaiprakash Power Ventures: 6.4 crore shares
Market Milestones
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52-Week Highs
A total of 91 stocks reached their 52-week highs, including major players like Bharti Airtel, Bajaj Finance, and IndiGo. - 52-Week Lows
Conversely, 49 stocks hit their 52-week lows, with companies such as Sheela Foam and Artemis Electricals included in this group.
Notable Stock Movements
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Stocks Surging by 20%
Several stocks achieved significant gains, with Inox Green Energy Services, Fino Payments Bank, and Pondy Oxides & Chemicals each rising by 20%. - Stocks Declining Over 10%
On the downside, Bodhi Tree Multimedia-RE1 and Sonalis Consumer Products-RE faced sharp declines of nearly 40%.
Conclusion
Overall, the market’s positive momentum is a reflection of improved investor confidence, driven by favorable global trade prospects and optimistic economic indicators. With a robust advance-decline ratio of 3,302 stocks gaining against 785 that declined, the market appears to be on a solid upward trajectory.
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