New Delhi, April 15 -- India's benchmark indices surged by more than 2% after an extended weekend on Tuesday, taking cues from resurgent Asian peers following US President Donald Trump's 90-day pause on tariffs on all trading partners except China.

The Asian markets kicked off the week with gains on Monday, a holiday in India on account of Ambedkar Jayanti. The mood stayed upbeat on Tuesday, spilling into Indian equities, which added Rs.10.5 trillion to market capitalization in a day.

Markets have turned volatile with sharp reactions to newsflow related to the tariff war unleashed by the Trump administration, said Gaurav Dua, senior vice president & head-capital market strategy at Mirae Asset Sharekhan. "Today's market movement is the c...