Sensex, Nifty rally 2% each on tariff relief hopes, rainfall optimism

The Indian indices traded higher on Tuesday, following global gains driven by the U.S. decision to exclude electronic goods from new tariffs and favorable monsoon expectations. At close, the Sensex was up 1,577.63 points or 2.10 percent at 76,734.89, and the Nifty was up 500 points or 2.19 percent at 23,328.55. BSE Midcap and smallcap indices rose 3 percent each.
IndusInd Bank, Shriram Finance, L&T, Tata Motors, Adani Enterprises were the top gainers on the Nifty, while losers included HUL and ITC.On the sectoral front, all sectoral indices ended in the green with the realty index up more than 5 percent on strong buying support. Shares of FMCG companies and agri-related themes ended the session sharply off lows after the IMD announced that it expects most parts of the country to receive ‘above normal monsoon', which falls in the range of 105% of the Long Period Average, according to information.
Rupee Close:
On 15 April'25,rising for the second straight session, the Indian rupee ended 33 paise higher to end at 85.77 against the US dollar on Tuesday due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties. Besides, lower global crude prices, favourable domestic inflation numbers and the US administration's latest move to suspend the additional 26 per cent tariffs on India till July 9 also supported the local currency, forex traders reportedly stated.
Trading Guide:
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, reportedly quoted as saying short-covering would keep markets strong through the day. However, he cautioned that the uncertainty triggered by Trump remains very much alive. "More volatility could be on the horizon, especially with Trump's threat of sectoral tariffs," he said. The Indian pharmaceutical sector, in particular, could face renewed pressure.
Market experts recommended five shares to buy —Suzlon Energy, NTPC Green Energy, Reliance Power, Canara Bank, and NMDC

(Business Correspondent)