India, April 15 -- Indian shares rallied on Tuesday as traders returned to their desks after a long holiday weekend.
Sentiment was underpinned after the Trump administration announced a pause in tariffs for phones, computers and consumer electronics, though officials insisted it was only a pause before new tech tariffs are implemented.
Additionally, Trump said he was considering a modification to the 25 percent tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other countries, helping ease worries about a trade war.
The benchmark S&P/BSE Sensex jumped 1,577.63 points, or 2.10 percent, to 76,734.89 while the broader NSE Nifty index closed at 23,328.55, up 500 points, or 2.19 percent, from its previous close.
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