Priyanka Tiwari
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Markets ended sharply higher on Tuesday, April 15, with the Sensex jumping over 1,650 points and the Nifty closing above the 23,300 mark, backed by broad-based buying. Investor sentiment was buoyed by the pause in reciprocal tariffs, including relief on electronics, and positive global cues hinting at easing trade tensions between the US and China.
The BSE Midcap and Smallcap indices surged 3% each, reflecting strong interest in broader markets.
Realty, Auto, and Banking Stocks Lead the Rally
All sectoral indices ended in the green, with realty stocks outperforming—the BSE Realty index jumped over 5%. Key contributors included:
Macrotech Developers (+7%) after the resolution of a brand dispute involving the Lodha brothers.
Tata Motors (+5%) driven by optimism over tariff relief, with Emkay retaining a ‘buy’ rating even as it cut the price target to ₹800.
IndusInd Bank, Shriram Finance, L&T, and Axis Bank also posted significant gains.
Meanwhile, auto and banking sectors surged amid expectations of easing deposit rates and improving export sentiment.
Stock-Specific Moves: Highlights and Laggards
ICICI Prudential Life rose 2% ahead of its Q4 earnings.
Devyani International gained 5% following an upgrade to ‘buy’ by Kotak Institutional Equities with a raised target price of ₹190.
Mazagon Dock soared 10%, anticipating strong investor interest ahead of the record date for its second interim dividend.
Allied Blenders and Distillers fell 8% after reports that its bank accounts were frozen by the Andhra Pradesh SIT in a liquor scam probe.
Quess Corp tanked 50% due to valuation adjustments post demerger of Digitide Solutions and Bluspring Enterprises.
Godrej Consumer slipped 1% due to demand weakness and margin pressure in its soap segment.
ITC and HUL dropped nearly 1%, dragging the Nifty FMCG index. Both cited rising input costs and soft consumer demand.
Global Sentiment and Economic Caution
While global markets remained upbeat amid signs of US-China trade resolution, analysts warn of persistent challenges:
Supply chain disruptions
Falling crude oil prices
Weak Q4 earnings guidance
Despite this, innovations and emerging market strength are expected to provide continued momentum.
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