The BSE Sensex surged 2,036 points, or 2.5%, to 83,702 in morning deals on Tuesday, extending gains from the previous session and hitting its highest level since January 12, after the US–India trade deal cut tariffs to 18% from 50%. The Nifty 50 also rose 2.5% to above 25,700, while small-cap and mid-cap stocks climbed 2.6% and 2.7%, respectively. US President Donald Trump announced the deal on social media following a call with Indian Prime Minister Narendra Modi, noting that India had agreed to halt Russian oil purchases and lower trade barriers on US exports. A rally on Wall Street overnight also lifted sentiment, mainly buoyed by tech stocks as traders returned their focus to the earnings season. All sectors traded in the green, led by auto stocks, followed by banking, technology, healthcare, and pharmaceuticals. Among the top performers were Adani Ports (7.1%), Bajaj Finserv (4.9%), Bajaj Finance (4.8%), Sun Pharmaceuticals (3.7%), Mahindra & Mahindra (3.6%), and L&T (3.5%).
