23 April 2025 : Stock market opened higher on Wednesday, with benchmark indices Sensex and Nifty seeing an uptick driven by hopes of easing US-China trade tensions after US President Donald Trump hinted that tariffs on Chinese imports could be significantly reduced under a new deal—though not eliminated entirely.
Sensex jumps 658.96 points to 80,254.55 in early trade, while Nifty rallied 192.05 points to 24,359.30 during opening trade.
As of 8:09 am IST, GIFT Nifty futures were trading at 24,366, indicating a 0.8 per cent gain from Tuesday’s Nifty 50 close of 24,167.25.
Markets also found support as Donald Trump backed away from threats to fire US Federal Reserve Chair Jerome Powell, helping the US dollar rebound from recent multi-year lows, according to Reuters.
Global investors have been closely watching the US-China trade dynamic, concerned about its ripple effects on global growth and inflation.
How stock market peformed yesterday
Sensex and Nifty ended higher for the sixth consecutive session on Tuesday, April 22, supported by gains in banking and FMCG stocks, along with sustained foreign fund inflows
The BSE Sensex rose 187.09 points, or 0.24 per cent, to close at 79,595.59, after hitting an intraday high of 79,824.30—up 415.8 points, according to figures mentioned in a news agency PTI report.
The NSE Nifty gained 41.70 points, or 0.17 per cent, to settle at 24,167.25.
Summary: Indian stock markets opened higher on April 23, 2025, with the Sensex gaining 0.69% and the Nifty 50 rising 0.79%, driven by optimism over potential reductions in U.S. tariffs on Chinese imports.