Mumbai: Indian stock markets opened with strong gains on Tuesday, buoyed by global optimism and expectations of a reduction in trade tensions. The rally followed recent comments and actions by the US government, signaling the possibility of tariff relief, which investors see as a positive step towards a larger trade agreement with China.
The Nifty 50 index surged by 539.80 points, or 2.36%, opening at 23,368.35, while the BSE Sensex rallied 1,679.20 points, or 2.23%, to begin the day at 76,836.46.
Market sentiment was further boosted by indications that US President Donald Trump may announce additional trade concessions, particularly in the semiconductor and electronics sectors, which could have a positive impact on global trade dynamics.
The upbeat mood in the Indian market reflects a broader sense of optimism over potential trade negotiations and their effect on global economic stability, sparking a rally in domestic equities.
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