Benchmark equity indices jumped sharply in early trade on Tuesday, mirroring a rally in global markets, as investor sentiment turned bullish after U.S. President Donald Trump temporarily eased some tariffs on electronics.
The BSE Sensex soared 1,750.37 points (2.3%) to 76,907.63, while the Nifty 50 surged 539.8 points (2.4%) to 23,368.35, driven by strong global cues. Tata Motors led the rally with a 5% jump, followed by robust gains in Larsen & Toubro, HDFC Bank, Mahindra & Mahindra, ICICI Bank, and IndusInd Bank. However, Hindustan Unilever, Asian Paints, Nestle, and Kotak Mahindra Bank underperformed. Asian markets mirrored the uptrend, with South Korea’s Kospi, Japan’s Nikkei 225, and Hong Kong’s Hang Seng trading higher, while China’s Shanghai Composite lagged. The rally followed a positive close on Wall Street on Monday.
US President Donald Trump announced a temporary break on tariffs for smartphones, computers, and other electronics.