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Nifty ends higher amid US tariff exemptions

15 Apr 2025 Evaluate

Indian equity benchmark -- Nifty -- extended previous session’s gains and ended higher on Tuesday as U.S. President Donald Trump announced tariff exemptions for electronic goods. Index made gap-up opening following positive cues from global markets and valued buying in fundamentally strong stocks. Some optimism came as Crisil in its report said that India’s domestic demand showing recovery signs, fueled by healthy rabi output and easing inflation expected in fiscal 2025’s fourth quarter. Sentiments remained upbeat as traders took note of Global Trade Research Initiative (GTRI) report indicating that US crackdown on low-value Chinese e-commerce shipments opened a rare and potentially lucrative window for Indian exporters. 

Index continued its firm trade in late afternoon session as traders got some support after the government data showed that wholesale price index (WPI) in India eased to 2.05 per cent in march from 2.38 per cent in February, mainly on account of fall in prices of crude petroleum & natural gas, non-food articles and food articles. In last leg of the trade, index added some gains and closed above 23,300 mark.

All sectorial indices ended in Green. The top gainers from the F&O segment were Indian Renewable Energy Development Agency, HFCL and Macrotech Developers. On the other hand, the top losers were Max Healthcare Institute, PNB Housing Finance and Hindustan Petroleum Corporation. In the index option segment, maximum OI continues to be seen in the 23400 - 23600 calls and 20900 - 21100 puts indicating this is the trading range expectation.

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