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Benchmarks rise over 2% as trade tensions ease

The Morning Standard

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April 16, 2025

DOMESTIC equity markets extended their rally for the second straight session on Tuesday, buoyed by easing global trade tensions.

- ARSHAD KHAN @ New Delhi

Benchmarks rise over 2% as trade tensions ease

DOMESTIC equity markets extended their rally for the second straight session on Tuesday, buoyed by easing global trade tensions. Benchmark indices — BSE Sensex and NSE Nifty50 — jumped over 2% each after US President Donald Trump announced tariff exemptions for smartphones and computers and signaled a potential delay in auto tariffs.

The Sensex rose 1,577.63 points (2.10%) to close at 76,734.89, while Nifty surged 500 points (2.19%) to settle at 23,328.55. This follows a similarly strong performance on Friday, with markets remaining shut on Monday.

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