Mumbai, Apr 15 — Indian stock markets witnessed a strong uptrend in early trading on Tuesday, fueled by a global market surge after U.S. President Donald Trump temporarily relaxed tariffs on electronic items, boosting investor confidence.
The 30-stock BSE Sensex jumped 1,750.37 points to reach 76,907.63 during the opening session, while the NSE Nifty advanced 539.8 points to 23,368.35.
Among the top performers in the Sensex pack were Tata Motors, which climbed 5%, along with notable gains from Larsen & Toubro, HDFC Bank, Mahindra & Mahindra, ICICI Bank, and IndusInd Bank. On the flip side, Hindustan Unilever, Asian Paints, Nestle, and Kotak Mahindra Bank posted declines.
Across Asia, markets such as South Korea's Kospi, Japan's Nikkei 225, and Hong Kong’s Hang Seng traded positively, whereas China’s Shanghai SSE Composite showed a minor decline.
Wall Street had ended higher on Monday after Trump declared a temporary exclusion of smartphones, computers, and other electronic items from trade levies.
“Global indices across the US, Asia, and Europe gained between 3–4% on Friday and Monday after the U.S. government's move to exclude electronics from retaliatory tariffs. This is being viewed as a sign of easing tensions and renewed trade dialogue,” said Vikas Jain, Head of Research at Reliance Securities.
Jain also noted that Trump’s consideration of suspending tariffs on foreign automobiles and his recent 90-day reprieve on tariffs (excluding China) suggested a possible breakthrough in global trade disputes.
Meanwhile, data showed Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,519.03 crore on Friday.
Brent crude, the international oil benchmark, saw a marginal increase of 0.09% to $64.94 per barrel.
Indian stock markets were closed on Monday in observance of Dr. B.R. Ambedkar Jayanti. On Friday, the Sensex had gained 1,310.11 points (1.77%) to close at 75,157.26, while the Nifty had climbed 429.40 points (1.92%) to 22,828.55.
