FX.co ★ Sensex Ends Flat

The BSE Sensex remained largely stable, closing at 78,017.2 in a volatile trading session on Tuesday, following a streak of gains over the past six days. This steadiness was attributed to profit-taking activities amid lingering uncertainty regarding trade tariffs. Notably, U.S. President Donald Trump hinted at adopting a more flexible stance on tariffs, which has raised hopes that India might secure some favorable terms. Nonetheless, market analysts exercised caution, emphasizing that any real clarity would be achieved only after April 2. Reports indicate that India is contemplating reducing tariffs on over half of the goods imported from the U.S., amounting to $23 billion, as part of the initial phase of a trade agreement. Meanwhile, investor sentiment remained buoyant due to ongoing capital inflows spurred by positive economic data, central bank liquidity measures, and expectations of an interest rate cut in the coming month. In the corporate sector, bank and technology stocks were among the top performers, while Zomato experienced a nearly 6% decline amid mounting concerns about competitive pressures in the food delivery industry and evolving consumer spending habits. IndusInd Bank also saw a significant drop, falling by 4.7%.