Indian stock markets surged sharply on Tuesday, buoyed by global cues and renewed hopes of easing US-China trade tensions after US President Donald Trump hinted at temporary tariff relief.
The benchmark BSE Sensex jumped 1,679.20 points, or 2.23%, opening at 76,836.46, while the NSE Nifty 50 surged 539.80 points, or 2.36%, to begin the session at 23,368.35.
Market sentiment was lifted following reports that the US administration may soften tariffs on key imports, particularly in the semiconductor and electronics sectors. The move was viewed by investors as a step toward a potential broader trade agreement with China.
Ajay Bagga, a banking and market expert, remarked, “The Indian markets are choosing to focus on the positives today. The worst of Trump’s tariff tantrums may be behind us — at least for now. India continues to stand out as a strong domestic story, which could attract foreign portfolio inflows once the global policy outlook becomes clearer.”
US authorities recently announced temporary tariff exemptions on consumer and industrial electronics. Trump later confirmed the relief was short-term, adding that new semiconductor tariffs might be announced next week.
The bullish trend in India followed a global upswing — with major Asian, European, and US markets closing higher on Monday. US Big Tech stocks gained more than 6% in pre-market trade, further reinforcing investor confidence.
Back home, domestic investors remained upbeat. Despite a liquidity crunch in March, Indian SIP investors poured over ₹25,000 crore into equity mutual funds, offering strong support to the markets. While Foreign Institutional Investors (FIIs) sold ₹2,519 crore on April 11, Domestic Institutional Investors (DIIs) countered that with net purchases of ₹3,759 crore.
A flurry of corporate earnings reports is also expected to impact the domestic markets. Companies such as ICICI Lombard, IREDA, and GM Breweries are set to announce their March quarter results today.
Asian markets mirrored the optimistic mood — Taiwan’s weighted index rose over 1.6%, South Korea’s KOSPI added 0.79%, Japan’s Nikkei gained 0.88%, and Hong Kong’s Hang Seng edged up 0.07%.
Investors now await further clarity from the US administration on trade policies that could influence global market directions in the coming weeks.
