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Benchmarks rise over 2% as trade tensions ease
The New Indian Express Tadepalligudem
|April 16, 2025
DOMESTIC equity markets extended their rally for the second straight session on Tuesday, buoyed by easing global trade tensions.
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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