Sensex zooms 1,550 pts, Nifty tops 23,300; auto stocks rally

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 9:17 am, the BSE Sensex surged 1,552 points, or 2.06%, to 76,709, while the Nifty50 jumped 476 points, or 2.09%, to 23,305.

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.

More to come...