Stock Market Soars as US Halts Tariffs: Top 8 Sectors That Gained

Stock Market News: Market Soars As US Stops Tariffs- These 8 Sectors Profited Heavily

On April 11, traders in India were excited about the new developments in the stock market. Increased investor optimism accompanied President Donald Trump’s decision to pause tariffs, which drastically increased market confidence. The Sensex experienced a meteoric rise of almost 1,300 points and Nifty 50 increased close to 2%.

This development was positive to many sectors especially those who trade directly with the US. Now, we will discuss the 8 sectors where investors made big gains today.

Pharma Sector

Even in the absence of a direct announcement concerning pharma tariffs, the pharma sector performed well. Investors feel that the ongoing negotiations between India and the US might yield positive results for this sector.

Consequently, the Nifty Pharma Index went up by 2%. Laurus Labs was the best performer with a 7% increase. Other companies like Granules, Cipla, Biocon, and Sun Pharma also gained between 2%-4%.

IT Sector

IT stocks started strong and then experienced some profit booking due to a weaker US dollar and increased US-China tensions. Nevertheless, some stocks did close positive.

Only Persistent and LTI Mindtree shares saw a rise of close to 3%, while Mphasis and Wipro saw a jump of about 2%.

Metal Sector

The best performing sector of the day was metals. The Nifty Metal Index jumped by 4%, surpassing all other indices.

Shares of Tata Steel increased by 5% while Hindalco rose by 7%. A number of other companies such as JSW Steel, SAIL, Adani Enterprises, and Vedanta also saw a rise in their stock prices from 3% to 5%.

Auto Component Sector

It was smooth sailing for auto part manufacturers too after the tariff pause announcement. The latter is a very positive development as these companies are quite deeply entrenched in the US market.

Sona BLW and Samvardhana Motherson saw their stocks rise by 5%-6%.

Aquaculture Sector

Stock prices were propelled higher in the aquaculture sector, primarily in shrimp exporting firms. Their exports to the US at a big scale means these companies are in position to reap the benefits from tariff cuts.

Avanti Feeds, Apex Frozen Foods and Coastal Corp surged 4%-9%.

Electronic Manufacturing Sector

Not only the tariff pause announcement, but the expectation that global manufacturers like Apple will start buying more from India pushed electronic manufacturing companies up too.

PG Electroplast climbed 8%, Dixon Technologies more than 7% and Kaynes Tech around 5%.

Textile Sector

The textile sector did well also. Because of the US placing heavy tariffs (145%) on Chinese textiles, Indian firms may get more business.

Welspun Living had the biggest jump of 9%. Grasim Industries, Trident, and Vardhman Textiles also gained, but only by 3-6%.

Solar EPC Sector

The solar EPC (Engineering, Procurement, and Construction) sector had a boost as well. Many of these Indian companies earn a significant portion of their income from the US.

Both Premier Energies and Waaree Energies saw gains, with Premier Energies up 4% and Waaree Energies gaining slightly.

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Conclusion

To sum it up, the decision made by Donald Trump to not impose additional tariffs pushed the Indian stock market significantly. Now, investors anticipate an impending trade agreement between India and the US. If that occurs, it would alleviate some of the uncertainty and enhance growth in these sectors tied to the US.

Disclaimer:

The market tips and advice provided here derive from analysts and brokerage firms. These do not reflect the opinion of this website. We recommend readers seek guidance from a licensed professional to make informed investment choices.