Indian Stock Market Reacts to Corporate News: Sensex and Nifty Surge Amidst Global Economic Uncertainty and US Tariff Concerns

The Indian stock market experienced significant gains last week, with the BSE Sensex rising by 1.55% and the NSE Nifty increasing by 1.93%. However, Gift Nifty signaled a slightly negative opening on Monday (March 10), trading down 0.34% at 22,582. Several corporate announcements are driving market activity. Sun Pharma announced the acquisition of Checkpoint Therapeutics for $355 million. JSW Steel reported a 12% YoY increase in crude steel production for February, with capacity utilization at 93.5%. Lupin launched Rivaroxaban tablets in the US, targeting a $446 million market. GMR Airports increased its stake in Delhi International Airport to 74%. Meanwhile, US tariff threats continue to create uncertainty in global markets, with economists at Goldman Sachs raising their odds of a US recession over the next 12 months from 15% to 20%. Morgan Stanley also predicted "softer growth this year."