Sensex jumps over 1,600 points; Nifty tops 23,300 on US tariff relief
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Benchmark equity indices Sensex and Nifty50 opened sharply higher on Tuesday, driven by broad-based buying across sectors, after U.S. President Donald Trump announced exemptions for electronics from steep “reciprocal” tariffs. At 9:56 am, the BSE Sensex surged 1,610 points, or 2.14%, to 76,767, while the Nifty50 jumped 493 points, or 2.16%, to 23,321. The market capitalisation of all listed companies on BSE surged by Rs 8.7 lakh crore to Rs 410.24 lakh crore. Over the weekend, the U.S. excluded smartphones, computers, and other electronic items from the proposed tariffs, sparking a relief rally in global equities. Earlier this month, Trump had announced steep tariffs on all U.S. imports but later paused them for 90 days for several countries, excluding China. Live Events From the Sensex pack, Tata Motors, M&M, HDFC Bank, L&T, and ICICI Bank were the top gainers, rising up to 5%. On the other hand, only Nestle India, HUL, and ITC o...