Sensex Gains 200 Points, Nifty Crosses 22,500; IndusInd Bank Drops 6%

Equity indices started Wednesday’s session on a positive note, supported by gains in Airtel and select banking stocks, while IT shares continued to face pressure in early trade. The BSE Sensex opened 170 points higher at 74,270, climbed to a high of 74,392, but later trimmed some gains, settling 100 points up at 74,200.

Sensex Opens Higher, Hits 74,392 Before Trimming Gains

The BSE Sensex opened 170 points up at 74,270, surged to a high of 74,392, and later pared gains, ending 100 points higher at 74,200.

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In the US, stock indices continued to decline overnight, with the Dow Jones falling over 1%, while the S&P 500 and NASDAQ also slipped. The drop followed former President Donald Trump’s announcement of plans to double tariffs on steel and aluminum imports from Canada. However, recent reports suggest he has now reversed the decision.

Previously, Trump declared a hike in tariffs on all steel and aluminum imports from Canada to 50% in response to Ontario’s move to impose a 25% tariff on electricity exports to the US. He also warned of a significant increase in car import tariffs, scheduled to take effect on April 2.

In the Asia-Pacific region, Australian indices, including the ALL Ordinaries and ASX 200, dropped by approximately 1.5% each. The Hang Seng slipped 0.3%, while the Straits Times Index edged down 0.1%. Meanwhile, the Nikkei rose 0.2%, and the KOSPI and Taiwan indices climbed 1.4% and 0.8%, respectively.

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