{"id":58155,"date":"2025-04-02T10:26:17","date_gmt":"2025-04-02T10:26:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/sensex-nifty-rally-as-it-bank-stocks-rebound\/"},"modified":"2025-04-02T10:26:17","modified_gmt":"2025-04-02T10:26:17","slug":"sensex-nifty-rally-as-it-bank-stocks-rebound","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/sensex-nifty-rally-as-it-bank-stocks-rebound\/","title":{"rendered":"Sensex, Nifty Rally As IT, Bank Stocks Rebound"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares bounced back on Wednesday, after having suffered heavy losses in the previous session amid heightened uncertainty over U.S. President Donald Trump&#8217;s tariff announcements expected later in the day. <\/p>\n<p>The new tariff rates, which will apply to all countries, will take effect immediately after they are announced at 2000 GMT.<\/p>\n<p>The Washington Post reported that White House aides had drafted a plan for a 20 percent tariff on most U.S. imports.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex jumped 592.93 points, or 0.78 percent, to 76,617.44, with banks and IT stocks leading the surge, <\/p>\n<p>The broader NSE Nifty index closed up 166.65 points, or 0.72 percent, at 23,332.35 while the BSE mid-cap and small-cap indexes surged 1.4 percent and 1 percent, respectively. <\/p>\n<p>The market breadth was positive on the BSE, with 2,861 shares rising while 1,090 shares declined, and 134 shares closed unchanged.<\/p>\n<p>Among the top gainers, Adani Ports, Tech Mahindra, Maruti Suzuki India, IndusInd Bank, Titan Company and Zomato soared 2-5 percent. <\/p>\n<p>Indian bond yields fell sharply after the Reserve Bank of India&#8217;s (RBI) announced it would buy Rs. 80,000 crores worth of bonds in April.<\/p>\n<p>The move is being seen as a strategic step to ensure that banks can fully transmit potential interest rate cuts to borrowers.<\/p>\n<p>Speculation is rife that the Monetary Policy Committee (MPC) may announce a 25 basis points cut in the policy repo rate during its upcoming April 7-9 meeting. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Rally As IT, Bank Stocks Rebound<\/a><br \/>\n<br \/>2025-04-02 10:26:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares bounced back on Wednesday, after having suffered heavy losses in the previous session amid heightened uncertainty over U.S. President Donald Trump&#8217;s tariff announcements expected later in the day&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":58156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-58155","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58155"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58156"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}