Overview

• The Sensex climbed 1,577 points (2.1%) to 76,734.89, and the Nifty gained 500 points (2.19%) to 23,328.55, marking a full recovery from losses triggered by Trump's April 2 tariff announcement.
• India is the first major equity market to erase tariff-induced losses, outperforming other Asian markets still grappling with declines of up to 8.3%.
• Easing global trade tensions, including a 90-day suspension of US reciprocal tariffs for most countries, lifted investor sentiment and drove broad-based gains across sectors like banking, auto, and realty.
• Concerns remain over US-China trade tensions, with new US export restrictions on Nvidia's H20 chips to China highlighting risks for the technology sector.
• Global markets showed mixed performance as Asian indices declined and US futures slid, reflecting ongoing volatility tied to trade policy uncertainties.