New Delhi, April 15 -- The Indian stock market benchmark indices, Sensex and Nifty 50, witnessed a stellar rally on Tuesday, opening with a big gap-up, and extending the uptrend following positive cues from global markets. The Sensex jumped more than 1,500 points, or over 2%, to trade above 76,700 level, while the Nifty 50 surged 480 points to surpass 23,300 level.

While the market is witnessing the short-covering rally, analysts believe that the uncertainties over the US President Donald Trump policies still persist which makes it critical for investors to navigate the market through sectors and stock-specific approaches.

"S&P 500 is up by 9 % from the April lows, on the tariff pause. Since Nifty 50 is up only 3% from the April lows we...