India, Jan. 22 -- India's stock market advanced today, tracking a rebound in global equities after US President Donald Trump pulled back on his threat to impose tariffs on eight European countries as leverage to seize Greenland and ruled out use of force.

The 30-share S&P BSE Sensex rose as much as 1.06% in intraday trading, even as the broader Nifty 50 gained 1.09%. All 16 major sectors logged gains, with the small-caps and mid-caps rising about 1.5% and 1.8%, respectively.

The benchmarks had lost 2% each over the previous three sessions, on Trump's tariff tantrums linked to United States' plan to annex Greenland, relentless foreign selling and lacklustre third-quarter earnings.

"The message that the US would refrain from imposing tar...