Sensex jumps 1,750 pts, Nifty tops 23,360; why are markets rising today?

Bulls dominated Dalal Street in the afternoon trade on April 15 as the Sensex soared 1,750 points to 76,907.63, while the Nifty 50 surged 2.36 per cent to 23,368.35, backed by strong global cues and easing trade tensions. The rally was broad-based with all sectoral indices in the green, barring Nifty FMCG.

Tariff relief lifts global mood, fuels domestic rally

Investor sentiment got a major boost after US President Donald Trump announced exemptions on tariffs for smartphones, laptops, and hinted at possible relief on auto imports. The move triggered gains across global markets, including India, where risk appetite improved significantly.

Realty, auto, and metal stocks shine on Dalal Street

The Nifty Realty index was the top performer, up over 4.5 per cent. Nifty Auto and Nifty Metal also gained sharply, reflecting optimism around tariff rollbacks. Stocks like Tata Motors, Mahindra & Mahindra, and JSW Steel witnessed robust gains.

Midcaps, smallcaps rally; market breadth strongly positive

The Nifty Midcap 100 and Nifty Smallcap 100 indices surged more than 2 per cent each, showing renewed investor interest beyond large-caps. Market breadth was firmly positive with 2,875 advancing stocks against 555 declines.

Volatility cools down as India VIX crashes 17%

Market volatility fell sharply with India VIX dropping 17 per cent, indicating reduced fear among investors. This comes as the US dollar index dipped below 100, touching a 3-year low, while the rupee appreciated to 85.85 against the greenback.

Analysts see room for caution despite breakout

While optimism reigns, ICICI Securities advised caution, noting that Nifty may struggle to sustain above the 23,500 mark. Kotak Securities’ Shrikant Chouhan said the worst phase might be over for now, but volatility cannot be ruled out.