Benchmark equity indices Sensex and Nifty50 opened sharply higher on Tuesday, boosted by broad-based buying across sectors after U.S. President Donald Trump announced exemptions for electronics from steep “reciprocal” tariffs.

At 9:17 am, the BSE Sensex surged 1,552 points, or 2.06%, to 76,709, while the Nifty50 jumped 476 points, or 2.09%, to 23,305.

Over the weekend, the U.S. excluded smartphones, computers, and other electronic items from the proposed tariffs, triggering a relief rally across global markets.

Earlier this month, Trump had announced steep tariffs on all U.S. imports but later paused them for 90 days for several countries — excluding China.

From the Sensex pack, Tata Motors, M&M, HCL Tech, L&T, and Infosys were the top gainers, rising up to 5%.

On the other hand, only Nestlé India, Hindustan Unilever, and ITC opened in the red.

On the sectoral front, Nifty Auto and Realty indices surged over 3%, while Nifty Financial Services, IT, Metal, Pharma, Consumer Durables, and Oil & Gas gained between 1–2%.

Tata Motors, M&M, Maruti Suzuki, Hero MotoCorp, and other Nifty Auto stocks rallied up to 7% after Trump hinted at possible exemptions from the existing 25% tariffs on automobiles.