Benchmark Indian equity indices—Sensex and Nifty—opened the week with a powerful rally on Tuesday, April 15, buoyed by positive global cues following a significant move by U.S. President Donald Trump to temporarily ease tariffs on electronic goods. This unexpected policy shift sparked optimism among investors, leading to robust buying across sectors and a surge in benchmark indices. The BSE Sensex surged by an impressive 1,750.37 points, or 2.33%, to touch 76,907.63 during early trade, while the NSE Nifty climbed by 539.8 points, or 2.36%, to reach 23,368.35. The rally reflected strong investor sentiment, not only in response to the improved global trade outlook but also due to sustained momentum built up in the previous trading sessions. The broader markets showed resilience, with all 30 Sensex stocks trading in the green, signaling widespread market confidence.

Among the top-performing stocks on the Sensex was Tata Motors, which rallied a solid five percent amid strong auto sector performance. Other major gainers included engineering conglomerate Larsen & Toubro, which posted strong gains alongside leading financial names such as HDFC Bank, ICICI Bank, Mahindra & Mahindra, and IndusInd Bank. The rally was not limited to a few blue-chip stocks; the upswing extended across sectors, with most indices participating in the bullish trend. Particularly, Nifty’s Auto Index witnessed the highest rise among sectoral indices, surging 1.93% to reach 20,945.55. This performance reflects both domestic optimism and the global tailwinds arising from lower import costs on electronic goods, many of which are vital to India’s manufacturing and assembly industries.

Following the Auto Index, Nifty Realty gained 1.84%, climbing to 804.65, on the back of expectations that lower inflationary pressures and a strong economy may boost real estate activity. Additionally, Nifty Financial Services 25/50 rose by 1.83%, reaching 26,627.50, supported by rising credit demand and improved outlook for banking stocks. This sectoral participation is considered a strong indicator of the market’s underlying strength, suggesting that the rally is built on broad-based fundamentals rather than speculative spikes. Market analysts noted that these movements align with macroeconomic improvements and expectations of future rate stability.

Tuesday’s surge followed a similarly positive close in the previous session on Friday, April 11. During that session, the Sensex had ended 1,310.11 points higher, or 1.77%, at 75,157.26, while the Nifty closed 429.40 points, or 1.92%, in the green at 22,828.55. Technical indicators from that session had already pointed to a bullish continuation pattern. According to Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio Ltd., the Nifty’s formation of a bullish Marubozu candle—a candlestick that closes at or near its high without any upper or lower shadow—reflected strong bullish sentiment. The Marubozu pattern, particularly when supported by volume and follow-through in subsequent sessions, often signals a robust uptrend, which played out with Tuesday’s rally.

Kamble further added that the Nifty had managed to close above the falling gap zone from previous corrective moves, which suggests that buyers have regained control of market momentum. “The index also closed above the fast 9-day Exponential Moving Average (EMA), indicating that the short-term trend is now firmly positive,” he noted. These technical confirmations are important for traders and institutional investors, as they often serve as cues for further entry points into the market. The breach above the 9 EMA is particularly significant in confirming that the market may be entering a sustainable bullish phase, at least in the near term.

Investor sentiment has also been buoyed by macroeconomic developments, with a reduction in trade tensions seen as a potential trigger for increased global capital flows into emerging markets like India. The easing of U.S. tariffs on electronic goods is expected to lower input costs for several Indian companies across the electronics, IT hardware, and automobile sectors, potentially improving earnings in upcoming quarters. Additionally, the relief in tariffs has raised hopes for better diplomatic relations between the U.S. and key trade partners, reducing fears of a prolonged trade war that could hamper global economic recovery.

Foreign institutional investors (FIIs), who had been net sellers in recent weeks amid concerns over U.S. interest rate hikes and geopolitical instability, were observed making significant purchases during the last few sessions, adding liquidity and momentum to the Indian stock markets. Domestically, strong corporate earnings and expectations of robust GDP growth in the upcoming fiscal year have added to the market’s positive undertone.

The rally also underscores how interconnected global policy decisions are with Indian financial markets. President Trump’s tariff rollback is being viewed not only as a trade maneuver but also as a geopolitical strategy to calm tensions and bolster economic optimism in an election year. For Indian markets, this presents an opportunity for re-rating as cost pressures on key manufacturing inputs ease, and the technology and consumer electronics sectors gear up for increased demand. Market strategists suggest that if global cues continue to be favorable and India maintains macroeconomic stability, the current rally could have legs, potentially pushing indices to fresh all-time highs.

Looking ahead, analysts are cautiously optimistic. While the current momentum is strong, they advise investors to remain vigilant for any unexpected geopolitical events or changes in U.S. Federal Reserve policy that could create volatility. That said, the short-term technical indicators remain bullish, and with both domestic and global factors aligning positively, Indian equities appear poised for further gains.

In conclusion, the powerful surge witnessed in Sensex and Nifty on April 15 was not merely a reaction to external news but a reflection of underlying strength in the Indian economy and investor confidence. The easing of tariffs by the U.S. played the role of a catalyst, unleashing pent-up buying and reinforcing the narrative that Indian markets are in a structurally strong uptrend. As long as the supportive factors—ranging from global sentiment to technical strength—remain in place, investors can look forward to continued buoyancy in the markets.