Sensex, Nifty bounce back on US tariffs delay, Re recovers 3 paise

Benchmark stock indices Sensex and Nifty rebounded nearly 2 per cent on Tuesday in line with a recovery in Asian peers after US President Donald Trump delayed tariffs on Mexico and Canada for a month. The 30-share BSE Sensex jumped 1,397.07 points or 1.81 per cent to settle at a month's high of 78,583.81. During the day, it surged 1,471.85 points or 1.90 per cent to 78,658.59.The NSE Nifty soared 378.20 points or 1.62 per cent to 23,739.25, a level not seen since January 3. Imposition of tariffs on Canada, Mexico and China by the Trump administration fanned fears of trade war and had resulted in markets' decline on Monday.
The rupee recovered 3 paise from its all-time low level to close at 87.08 (provisional) against US dollar on Tuesday, as the American currency index retreated from its elevated level after President Donald Trump agreed to pause tariffs on Mexico and Canada.
Forex traders said the US dollar index, which had surged past 109.88 level, retreated to 108 level after Trump announced the temporary pause on tariffs for 30 days.
At the interbank foreign exchange, the rupee opened at 86.98 and touched an intraday low of 87.13 against the American currency during the session.