Sensex Ends on Positive Note
The BSE Sensex saw an uptick of approximately 0.8%, closing at 76,617.4 on Wednesday. This gain reversed the significant losses experienced the previous day, as advances in IT, automotive, and consumer sector stocks bolstered the market. The positive movement came ahead of the anticipated announcement of US reciprocal tariffs later in the day. The prevailing market sentiment was optimistic, fueled by the belief that these tariffs would minimally affect the domestic economy, especially in light of the favorable developments in the ongoing India-US trade negotiations. US President Donald Trump commented on Tuesday that India was prepared to reduce tariffs, suggesting the possibility of some relief for India from the sweeping US tariffs. Furthermore, final figures from a private survey revealed that India's manufacturing sector experienced its highest growth in eight months during March.
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