Stock market today: BSE Sensex closes almost 600 points up; Nifty50 above 23,300

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Wednesday a day after tanking over 1%. While the BSE Sensex crossed 76,650 intraday, Nifty50 touched 23,350. BSE Sensex closed the day at 76,617.44, up 593 points or 0.78%.Nifty50 ended at 23,332.35, up 167 points or 0.72%.The top BSE Sensex gainers were Zomato, Titan Company, IndusInd Bank, Maruti Suzuki, and Tech Mahindra. The top Sensex losers were UltraTech Cement, Nestle India, Power Grid, L&T and Asian Paints.Vinod Nair, Head of Research, Geojit Investments Limited said, "Despite mixed global cues surrounding the impending US tariffs, the domestic market experienced steady gains. This optimism was largely driven by expectations that the tariffs would have a minimal impact on the domestic economy, given the positive progress in India-US trade negotiations. Sentiments were further reinforced by India's manufacturing PMI for March, which reached an eight-month high, hinting at a recovery in Q4FY25 corporate earnings."Global stock markets showed varied performance on Wednesday as traders awaited US President Donald Trump's announcement regarding tariffs on what he calls "Liberation Day."European markets commenced lower, whilst Asian indices registered slight increases.In Europe, France's CAC 40 fell 0.5% to 7,837.50 in early trading, Germany's DAX declined nearly 1.0% to 22,325.98, and Britain's FTSE 100 decreased 0.6% to 8,581.60.US futures indicated a lower opening, with S&P 500 futures down 0.3% and Dow Jones Industrial Average futures declining 0.2%.In Asia, Japan's Nikkei 225 advanced 0.3% to close at 35,725.87.The Hong Kong Hang Seng remained essentially flat at 23,202.53, whilst the Shanghai Composite edged up marginally by less than 0.1% to 3,350.13.The Australian S&P/ASX 200 rose 0.1% to 7,934.50, whilst South Korea's Kospi declined 0.6% to 2,505.86.