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Indian Stock Markets Fully Recover Losses as US Relaxes Tariffs

Sensex and Nifty surge for the second consecutive session, driven by tariff exemptions on electronics and potential auto duty revisions.

The NSE Nifty 50 index rose 0.7% to 14,895.65, while the benchmark S&P BSE Sensex was up 0.7% at 50,614.29.
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Market (Photo:ANI)
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Overview

  • The BSE Sensex jumped 1,577.63 points to close at 76,734.89, while the NSE Nifty gained 500 points to settle at 23,328.55 on Tuesday.
  • This two-day rally has helped the Sensex recover all losses incurred since the US announced reciprocal tariffs on April 2.
  • US President Donald Trump's relaxation of tariffs on electronics and potential revisions to auto tariffs have boosted investor confidence.
  • Sectoral indices across the board posted gains, with auto, banking, and realty sectors leading the recovery.
  • Positive cues from Asian and European markets contributed to the rally, reflecting global optimism over easing trade tensions.