Indian equities surged over 2% in early trade today, tracking strong gains in Asian markets after US President Donald Trump hinted at a possible relaxation of steep auto import tariffs. The BSE Sensex jumped over 1,500 points at the open, while the Nifty reclaimed the 23,000 mark, led by a sharp rally in automobile stocks. Market sentiment turned positive following Trump’s remarks that he was "very flexible" on trade policies and was "looking at something to help some of the car companies," easing investor concerns.

The rupee also strengthened, appreciating 39 paise to 85.71 against the US dollar, buoyed by a softer dollar index. Forex traders noted that the weak greenback supported the rupee’s upmove despite ongoing foreign capital outflows.

Trump had earlier imposed a flat 25% tariff on auto imports, sparking global market jitters. His recent comments, however, have triggered a relief rally, although analysts caution that volatility is likely to persist given his unpredictable policy stance. While hopes of a tariff reprieve lifted sentiments across Asia, new US duties on tech and pharma imports continue to cloud the global outlook. Investors remain cautiously optimistic, bracing for further twists in the global trade narrative. 

Indian equities surged over 2% in early trade today, tracking strong gains in Asian markets after US President Donald Trump hinted at a possible relaxation of steep auto import tariffs. The BSE Sensex jumped over 1,500 points at the open, while the Nifty reclaimed the 23,000 mark, led by a sharp rally in automobile stocks. Market sentiment turned positive following Trump’s remarks that he was "very flexible" on trade policies and was "looking at something to help some of the car companies," easing investor concerns.

The rupee also strengthened, appreciating 39 paise to 85.71 against the US dollar, buoyed by a softer dollar index. Forex traders noted that the weak greenback supported the rupee’s upmove despite ongoing foreign capital outflows.

Trump had earlier imposed a flat 25% tariff on auto imports, sparking global market jitters. His recent comments, however, have triggered a relief rally, although analysts caution that volatility is likely to persist given his unpredictable policy stance. While hopes of a tariff reprieve lifted sentiments across Asia, new US duties on tech and pharma imports continue to cloud the global outlook. Investors remain cautiously optimistic, bracing for further twists in the global trade narrative.