Indian stock markets experienced significant gains in early trading on Tuesday, with the rupee also advancing. This positive movement followed U.S. President Donald Trump's decision to delay tariffs on Mexico and Canada for another month and his announcement of continued negotiations with China.
The S&P/BSE Sensex, a key benchmark, saw an increase of 720 points, or 0.9%, reaching 77,906. Concurrently, the broader NSE Nifty index rose by 196 points, or 0.8%, to 23,557.
Notable performers included ONGC, Tata Motors, Larsen & Toubro, BEL, and Hindalco, which rose between 2-4%. Conversely, Tata Group’s retail division, Trent, showed a significant decline of nearly 5%, marking one of the substantial losses within the Nifty group.
Other key stocks such as ITC Hotels, Nestle India, Britannia Industries, and Hindustan Unilever experienced drops of over 1%.
