Mumbai, Feb. 4 -- The domestic equity benchmarks soared on Tuesday, buoyed by the U.S. decision to postpone its planned tariffs on Canada and Mexico. The move offered a temporary reprieve from escalating trade tensions, lifting investor sentiment and fueling optimism across global markets.

The benchmark Nifty closed above the 23,700 mark, reflecting broad-based buying interest. Energy and banking stocks led the rally, while FMCG shares witnessed selling pressure. Analysts noted that the tariff delay was seen as a constructive step in easing trade-related uncertainties, contributing to the day's positive momentum.

With the tariff concerns temporarily sidelined, market participants are now turning their attention to the Reserve Bank of In...