Sensex Surges 600 Points, Nifty Above 25,700; IT & Metals Lag Amid Global Optimism

The Indian stock market kicked off the week on a strong note, tracking improved global risk sentiment after fresh developments surrounding U.S. tariffs. Benchmark indices extended gains through the session, supported by broad-based buying.

📊 Market Snapshot

• BSE Sensex opened at 82,906.83 (+92 points) and later surged over 600 points

• Nifty 50 opened at 25,678.40 (+107 points), trading above 25,700

• Bank Nifty climbed past 61,200

Broader markets also joined the rally:

• Nifty Smallcap 100 – In the green

• Nifty Midcap 100 – Showing strength

Despite the rally, IT and metal stocks witnessed some selling pressure.

🌍 What’s Driving the Market?

🏛 U.S. Tariff Developments

The U.S. Supreme Court struck down former President Donald Trump’s earlier reciprocal tariffs. However, Trump later signed a fresh executive order imposing a 15% global tariff for 150 days, creating a mixed but largely positive global reaction.

Asian markets traded higher, while U.S. markets ended last week in the green following the court ruling.

🌐 Geopolitical Watch

Investors remain cautious ahead of the upcoming U.S.–Iran nuclear talks. Any strong remarks from President Trump regarding alternative legal routes for tariffs may keep volatility elevated.

🥇 Gold & Silver Rally Sharply

Amid tariff uncertainty and a weaker dollar, bullion prices surged significantly.

MCX Performance:

• Gold (April Futures):
  Opened at ₹1,58,458 (+₹1,582)
  Later traded at ₹1,59,855 (+1.90%)

• Silver:
  Opened at ₹2,63,061 (+₹10,117)
  Later surged to ₹2,66,915 (+5.52%)

International Market:

• Spot gold jumped to a three-week high

• U.S. gold futures rose 2%

• Spot silver climbed to a two-week high

The rally reflects safe-haven demand amid geopolitical and trade-related uncertainties.

🎯 Market Outlook

While the headline indices show strong upward momentum, selective weakness in IT and metals suggests sectoral rotation rather than broad euphoria.

Key Levels to Watch:

• Nifty Support: 25,500

• Resistance: 26,000

With geopolitical tensions and tariff headlines still unfolding, markets may remain volatile despite the current bullish tone.

Investors are advised to stay diversified and focus on quality stocks during this consolidation phase.