The National Stock Exchange of India witnessed a significant surge as the Nifty index closed above the 22,500 mark, while the Sensex gained a remarkable 600 points. This surge was primarily driven by the strong performance of the metals and oil & gas sectors in the Indian stock market. The positive momentum in the market was evident as the Nifty 50 closed the session 207 points higher at 22,544.70, marking a 0.93% increase, while the Sensex jumped 610 points to settle at 74,340, reflecting a gain of 0.83%. Additionally, the Bank Nifty also ended on a positive note, closing 138 points higher at 48,628.

One of the key developments impacting the market was the announcement by US President Donald Trump regarding reciprocal tariffs on Indian imports, particularly targeting the auto sector. Trump highlighted the imposition of tariffs to match India’s duties, especially those exceeding 100% in the auto industry. This announcement added a layer of uncertainty to the market dynamics, influencing investor sentiment.

Moreover, the Asian bond market experienced a notable selloff, with Japan’s 10-year yield reaching 1.5%, a level last seen in 2009 due to inflation concerns. This selloff, triggered by heavy selling in German bunds, led to an increase in US Treasury yields for the third consecutive session, nearing 4.3%. The rise in bond yields also impacted equity markets in Asia, albeit finding some relief from the postponement of certain US tariffs on Mexico and Canada.

In the US, stock markets closed higher, with the Nasdaq Composite surging 1.46% to 18,552.73. The Dow Jones Industrial Average and the S&P 500 also posted gains of 1.14% and 1.12%, respectively. These positive trends in the US markets contributed to the optimistic outlook in the Indian stock market.

Overall, the National Stock Exchange of India experienced a strong rally, with various sectors witnessing significant movements. The market dynamics were influenced by global factors, including trade tensions and bond market fluctuations, underscoring the interconnected nature of the financial markets. Investors closely monitored these developments, seeking opportunities amidst the evolving landscape of the stock market.