Sensex, Nifty jump nearly 2% on US tariff timeout

The US announced suspension of additional tariffs on India for 90 days

- Press Trust of India

MUMBAI: Benchmark Sensex surged by 1,310 points while Nifty closed above 22,900 level on Friday on gains in banking, oil and metal shares as investors rejoiced the 90-day suspension of additional import duties by the US.

Defying a bearish trend in world markets, the 30-share BSE benchmark Sensex jumped 1,310.11 points or 1.77% to settle at 75,157.26. During the day, it soared 1,620.18 points or 2.19% to 75,467.33.

The NSE Nifty surged 429.40 points or 1.92% to 22,828.55. In intra-day trade, the benchmark rallied 524.75 points or 2.34% to 22,923.90.