Share Market Today: Nifty 50, Sensex jumps back before the imminent reciprocal rates; Realty Stocks Top Gainers | Einsmark news

Share Market Today: Indian markets closed higher on Wednesday, April 2, which returned from the strongest intraday drop in the previous session in a month. A strong rally in financial stocks and a sharp recovery in the technological sector has helped the front line indices to deliver healthy profits. The Nifty 50 closed the session with a profit of 0.72% and established at 23,332 points, while the Sensex rose 0.78% to close at 76,617 points. The broader markets also gained power again, with the Nifty Midcap 100 index wrapped at 52,025 points, a 1.61% jump compared to the previous closure. Similarly, the Nifty Small Cap 100 index ended with a healthy profit of 1.12%, which closed at 16,162 points. Sectoral performance: All 13 major sectoral indices end in green amid a broad-based recovery in the contemporary session, all 13 major sectoral indices have closed in the green, with a Nifty Realty rising as the top winer, with 3.63%, followed by a good consumer and a Nifty FMCG, which ended the session with more than 1%. Other indices, including Nifty Auto, Nifty Pharma, Nifty It, Nifty Metal, Nifty Media and Nifty Oil & Gas, also ended the session with profits between 0.22% and 0.8%. Recipient rates in focus Meanwhile, global investors focused on the development of the White House, as the long-awaited announcement of reciprocal rates-which affected the size, sectors and countries expected the day, as promised by US President Donald Trump. Since taking office in January, he has announced a series of duties about the US closest trade partners, including China, Canada and Mexico. The expected reciprocal rate can bring more countries under the US tariff radar as it aims to reduce the trade deficit. Trump continued to carry out his tariff weapon and ignore warnings of global agencies that it could cause a global economic outage. Experts believe this could affect the global economy, with affected countries, likely to respond with retaliation rates. The White House said on Tuesday that reciprocal rates would come into effect immediately after Trump’s announcement, with a 25% tariff on car imports that will come into effect on April 3. Prior to the announcement, the latest assessment by the US Trading Representative (USRDR) office indicated that India imposes steep rates and a series of regulatory barriers on US imports, especially in sectors. Trump, who described India as the ‘tariff king’ for the levy of high levies on US products, expressed confidence that New -Delhi would significantly lower ‘rates’ before the April 2 deadline. According to experts, goods from sectors, including agriculture, precious stones, chemicals, pharmaceuticals, medical devices, electricity and machinery, can be affected if the US has the surge of reciprocal rates on Indian products. They added that these sectors may experience additional customs duties of the Trump administration due to the high tariff difference -the gap between the US and India import tax on a specific product. (More to come) Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsstock Market Today: Nifty 50, Sensex Bounce Bounce Bound Aefiny Toing Recipient Rates; Realty shares are the best profit