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Sensex, Nifty surge over 2 pc on global markets rally after Trump relaxes tariffs on electronics
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....ensex, Nifty surge over 2 pc on global markets rally after Trump relaxes tariffs on electronics<BR>PTI News<BR>Dated:- 15-4-2025<BR>PTI<BR>Mumbai, Apr 15 (PTI) Benchmark equity indices Sensex and Nifty surged over 2 per cent on Tuesday, tracking a rally in global markets after US President Donald Trump relaxed some of the tariffs on electronics products and hinted at duty revision for automobiles.....
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.... Rallying for the second straight session, the 30-share BSE Sensex jumped 1,577.63 points or 2.10 per cent to settle at 76,734.89. During the day, it zoomed 1,750.37 points or 2.32 per cent to 76,907.63, driven by the across-the-board rally. The NSE Nifty surged 500 points or 2.19 per cent to 23,328.55. Intra-day, it rallied 539.8 points or 2.36 per cent to 23,368.35. The key indices have recove....
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....red almost all the losses induced by Trump's reciprocal tariffs announced on April 2. All the BSE sectoral indices closed in the green. BSE Realty, Auto, Capital Goods and Industrials were lead gainers, jumping up to 5 per cent. IndusInd Bank was the lead gainer among Sensex shares, surging by 6.84 per cent. Tata Motors rallied 4.50 per cent. Larsen & Toubro, Axis Bank, Adani Ports, HDFC Bank, I....
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....CICI Bank and HCL Tech were also among the gainers. ITC and Hindustan Unilever were the only laggards. Donald Trump has suggested that he might temporarily exempt the auto industry from tariffs that were imposed earlier. In Asian markets, South Korea's Kospi index, Tokyo's Nikkei 225, Shanghai SSE Composite and Hong Kong's Hang Seng settled in the positive territory. Markets in Europe were trad....
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....ing with gains. US markets ended higher on Monday. Trump said he was temporarily exempting smartphones, computers and other electronics items from his tariffs. "Benchmark indices extended the sharp gains on Tuesday, after Donald Trump carved out more exemptions from tariffs even as uncertainty continued. Broader mid and smallcaps also posted strong gains and so are all major sectors. Markets ope....
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....ned sharply higher on mostly positive global cues after the US removed smartphones and other electronics from its tariffs on China. "Trump also suggested he might grant exemptions on the 25% levies for automobiles that are already in place, leading to a sharp rally in auto stocks. The latest tariff adjustments suggest the White House is recognizing the pressure on American consumers and the broad....
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....er economy," Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said. Meanwhile, wholesale price inflation eased to 2.05 per cent in March, as against 2.38 per cent in February, government data showed on Tuesday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,519.03 crore on Friday, according to exchange data. Global oil benchmark Brent crude dropped 0.52 per cent to U....
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....SD 64.54 a barrel. Sensex jumped 1,310.11 points or 1.77 per cent to settle at 75,157.26 on Friday. Nifty surged 429.40 points or 1.92 per cent to 22,828.55. Equity markets were closed on Monday for Dr Baba Saheb Ambedkar Jayanti. PTI SUM SUM MR<BR> News - Press release - PIB....