India, Feb. 4 -- Domestic equity markets closed higher on Tuesday, with the Nifty rising 2.57 per cent to 25,732.45 and the BSE Sensex gaining 2,072.67 points to 83,739.13, after US President Donald Trump announced easing tariffs on India to 18 percent. The markets heaved a sigh of relief, as the overhang was out of the way.

India and the US have agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi.

"Indian equity markets staged a sharp rally today, recording one of the strongest single-day gains in recent times after the announcement of a landma...