After opening higher, Indian benchmark indices rallied as the session progressed, ending the day strongly.

Indian benchmark equity indices BSE Sensex and Nifty50 ended higher on Tuesday, tracking gains in global markets after US President Donald Trump's administration announced tariff-related exemptions in the previous week.

At the closing bell, the BSE Sensex stood higher by 1,577 points (up 2.1%).

Meanwhile, the NSE Nifty closed higher by 500 points (up 2.2%).

Tata Motors, L&T, and Axis Bank are among the top gainers today.

ITC and HUL, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,358, up by 335 points at the time of writing.

The BSE MidCap index ended 3% higher, and the BSE SmallCap index ended 3.2% higher.

Sectoral indices ended on a positive note in the capital goods sector, auto sector, and energy sector, witnessing most buying speer.

The rupee is trading at 85.8 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 93,297 per 10 grams.

Meanwhile, silver prices were trading flat at Rs 94,910 per 1 kg.

Here are the four key factors driving the market's momentum.

#1 Trump's Tariff Pause

Investor sentiment got a boost after Donald Trump, in a statement on Saturday, announced a temporary exemption for a range of consumer electronics, including smartphones, laptops and PCs, from a proposed 125 percent tariff on Chinese goods and a 10 percent global flat rate. He also hinted at possible relief for the automotive sector facing steep import duties.

#2 Positive Global Cues

Major US indices ended higher on Monday, supported by gains in tech stocks, particularly Apple, after the White House's move to delay tariffs. The Dow Jones Industrial Average climbed 312.08 points or 0.78 percent to 40,524.79.  In Asian markets, South Korea's Kospi index, Tokyo's Nikkei 225 and Hong Kong's Hang Seng were trading in the positive territory while Shanghai SSE Composite index quoted lower.

#3 Gains in Heavyweights

Most index heavyweights were trading higher on Tuesday, with shares of HDFC Bank, ICICI Bank, L&T, Reliance Industries, Bharti Airtel, M&M, Axis Bank, and Tata Motors accounting for most gains on the Sensex today.

#4 The Rupee & Oil Factor

The rupee appreciated by 39 paise to 85.71 against the US dollar in early trade on Tuesday. Forex traders attributed the gains to strong domestic equities, weakness in the US dollar index, and lower crude prices.
 

Why Transrail Lighting Share Price is Rising?

In news from the electronic equipment sector, Transrail Lighting shares extended rally in Tuesday's trading session to rise over 9% after the recently listing company won an order worth Rs 10.9 bn.

Transrail is one of the leading engineering, procurement and construction companies with a primary focus on power transmission and distribution business.

Shares of Transrail Lighting took a cue from a major order win and surged 9.4% to hit an intraday high of Rs 495.7 per share on the NSE. The stock opened with a gain of 5.7% today. The counter has been gaining for the last two days and is up nearly 11%.

Transrail Lighting Limited, founded in 1984 and headquartered in Mumbai, India, is a leading EPC company specializing in power transmission, distribution, and lighting solutions.

It provides turnkey services for infrastructure projects, including galvanized steel structures, substations, and railway electrification.

Allied Blenders Shares Cracks 8%

Moving on to news from the distilleries sector, shares of leading spirits company Allied Blenders and Distillers cracked eight percent in trade on 15 April after the media report that the Andhra Pradesh government's Special Investigation Team (SIT) has ordered the freezing of the liquor company's bank accounts in the state, following an ongoing probe relating to a liquor scam.

The Andhra Pradesh SIT has written to PSU lender State Bank of India (SBI) to freeze the bank accounts of Allied Blenders. The SIT had been constituted by the Andhra Pradesh government to probe into an alleged Rs 4,000 crore liquor scam during previous YSRCP state government's regime.

The SIT is also likely to file a chargesheet within 4-6 weeks, following its probe to investigate if liquor companies paid kickbacks to the previous government in return for orders and sales.

Further, the SIT will investigate if the earlier Andhra Pradesh government allowed sales of only certain brands, amid kickbacks.

On Monday, the SIT conducted a surprise raid on YSRCP IT advisor Kasireddy Rajashekar Reddy's residential and office premises, after he ignored three notices from the investigative body.

More By This Author:

Sensex Today Rallies 1,600 Points; Nifty Above 23,300
Sensex Today Rallies 1,310 Points; Nifty Above 22,800
Sensex Today Rallies 1,110 Points; Nifty Above 22,700