FX.co ★ Sensex Ends on Strong Note

The BSE Sensex rose by approximately 2.1%, closing at 76,734.9 on Tuesday, following a long weekend break. The market sentiment was buoyed by encouraging signals from President Trump regarding potential tariff exemptions. This resulted in widespread gains across sectors, with notable performances from technology, automotive, and financial stocks. Specifically, Trump announced exemptions on smartphones, computers, and other electronic goods from the heavy reciprocal tariffs, and hinted at potential relief for the automotive industry from the existing 25% tariffs. In India, traders are focused on the release of March's inflation data, anticipated later today. Forecasts suggest an inflation rate of 3.6%, marking the slowest increase in eight months. Such a figure could potentially lead to further interest rate reductions by the Reserve Bank of India, particularly given the challenges of slowing GDP growth and global trade uncertainties.