The barometer index, the S&P BSE Sensex added 32.81 points or 0.04% to 78,017.19. The Nifty 50 index rose 10.30 points or 0.04% to 23,668.65. In the past seven trading sessions, the Sensex and the Nifty jumped 5.67% and 5.68%, respectively.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.13% and the S&P BSE Small-Cap index declined 1.63%. The market breadth was weak.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.47% to 13.64.

Among the sectoral indices, the Nifty IT index (up 1.32%) and the Nifty Private Bank index (up 0.07%) outperformed the Nifty 50 index.

Meanwhile, the Nifty Consumer Durables index (down 1.93%), the Nifty PSU Bank index (down 1.73%) and the Nifty Media index (down 1.59%) underperformed the Nifty 50 index.

Numbers to Track:

The yield on India's 10-year benchmark federal paper grew 1.75% to 6.774 as compared with the previous close of 6.735.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.7500 compared with its close of 85.6100 during the previous trading session.

MCX Gold futures for the 4 April 2025 settlement rose 0.54% to Rs 87,753.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.21% to 104.10.

The United States 10-year bond yield rose 0.76% to 4.364.

In the commodities market, Brent crude for May 2025 settlement added 1.27 cents or 1.76% to $73.43 a barrel.

Global Markets:

European shares advanced on Tuesday as British oil major shell announced plans to increase shareholder returns and cut spend as it doubles down on its liquefied natural gas (LNG) push.

Asian stocks ended mixed as investors assessed U.S. President Donald Trump's tariff threats.

In China, the central bank announced changes to the way it sells medium-term loans, a move that market participants believe could further diminish the role of such instruments in guiding monetary policy. The People’s Bank of China (PBOC) stated it will issue 450 billion yuan ($62.03 billion) in one-year medium-term lending facility (MLF) loans on Tuesday. Starting this month, MLF operations will be conducted using a fixed-quantity, interest-rate bidding, and multiple-price bidding method, the PBOC added.

On Wall Street, U.S. indices surged on Monday amid reports that Trump’s April 2 tariffs will be less harsh than previously feared. The Dow Jones Industrial Average jumped 1.42%, the S&P 500 climbed 1.76%, and the tech-heavy Nasdaq Composite soared 2.27%.

Tesla shares, which had been declining for nine consecutive weeks, rebounded nearly 12%, building on their Friday gains. Meta Platforms and Nvidia also saw gains of more than 3%.

Meanwhile, 23AndMe Holding Co plummeted 59% after filing for Chapter 11 bankruptcy protection.

The economic activity in the US' private sector expanded at an accelerating pace in March, with the S&P Global Composite PMI rising to 53.5 (preliminary) from 51.6 in February. The Services PMI climbed to 54.3 in March from 51 in February, while the manufacturing PMI declined to 49.8 in March from 52.7 in February.

Wall Street has been under pressure in recent weeks amid concerns that Trump’s tariffs could drive up inflation, disrupt global trade, and slow economic growth. Earlier this month, major indices slumped to six-month lows on such fears.

While Trump has repeatedly described April 2 as “liberation day” for the U.S., investors found some relief in signs that the tariffs' scope may be narrower than initially expected, potentially limiting their economic impact.