Bulls are Back: Sensex jumped over 1,750 points and the Nifty surged past 22,300

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Indian investors get richer by nearly Rs 11 lakh cr, one of the sharpest single-session gains in recent months.

Mumbai: Since the close of April 3, the Nifty and Sensex are higher by 0.6 percent and 0.3 percent respectively, while the overall market-cap gains since then amount to Rs 78,699.55 crore.

Financials, which hold the highest weight on the indices, gained more than 2 percent. The smallcap and midcap indices also rallied 3 percent each, staging a recovery from recent underperformance.

Indian equities staged a dramatic comeback on Tuesday, wiping out all the losses since the Liberation Day. The Sensex jumped over 1,750 points and the Nifty surged past 22,300, adding nearly a whopping Rs 11 lakh crore in market capitalization in a single day—one of the sharpest single-session gains in recent months.

Since the close of April 3, the Nifty and Sensex are higher by 0.6 percent and 0.3 percent respectively, while the overall market-cap gains since then amount to Rs 78,699.55 crore. Today’s rally was broad-based and sentiment-driven but with plenty of firepower behind the optimism.

At the heart of the rebound was a late-breaking shift in US trade policy. Washington signalled it would delay retaliatory tariffs by 90 days for most countries except China. For Indian markets, that was enough to ease nerves. The stance against China was a trigger to keep the bulls raging in stocks benefiting from the China Plus One diversification move by global companies, although gains were seen across the board with advances outnumbering declines 7:1 on the National Stock Exchange.

Financials, which hold the highest weight on the indices, gained more than 2 percent. The smallcap and midcap indices also rallied 3 percent each, staging a recovery from recent underperformance.

Domestic institutional investors appeared to double down on this view, stepping in aggressively on Tuesday, dealers said.

Global Support

Asian markets were also buoyant on Tuesday, helped by a weakening dollar and steady US bond yields. That added further tailwinds to risk assets, just as India’s markets reopened after an extended weekend.

Beyond geopolitics, India’s macro resilience stood out. With strong domestic demand and minimal direct exposure to US-China trade tensions, the country is increasingly being viewed as a safe bet in a choppy global environment. Although the FII flow data for the day is still awaited, some dealers said there was good buying seen today.

With Trump’s losses now made good, investors will now turn their focus to the upcoming earnings season and any further cues from global central banks. Analysts caution against assuming this is the start of an unbroken rally. Much will depend on how corporate earnings pan out, and whether global trade tensions truly ease. But for now, the market has sent a clear signal: it’s not done betting on India’s growth story.