Overview
- The BSE Sensex surged 1,577.63 points to close at 76,734.89, and the NSE Nifty rose 500 points to 23,328.55, erasing all losses since April 2 when US tariffs were imposed.
- US President Donald Trump's tariff exemptions on electronics and potential relief for the auto sector were key drivers of the market rally.
- Investor wealth increased by Rs 18.42 lakh crore over two days, with market capitalization reaching Rs 4,12,24,362.13 crore.
- Broad-based gains were seen across sectors, including banking, auto, realty, and industrials, with IndusInd Bank and Tata Motors among the top performers.
- India became the first major equity market globally to recover fully from tariff-related losses, buoyed by easing global trade tensions and positive market sentiment.