Indian equity benchmark -- Nifty -- extended previous session’s gains and ended higher on Tuesday as U.S. President Donald Trump announced tariff exemptions for electronic goods. Index made gap-up opening following positive cues from global markets and valued buying in fundamentally strong stocks. Some optimism came as Crisil in its report said that India’s domestic demand showing recovery signs, fueled by healthy rabi output and easing inflation expected in fiscal 2025’s fourth quarter. Sentiments remained upbeat as traders took note of Global Trade Research Initiative (GTRI) report indicating that US crackdown on low-value Chinese e-commerce shipments opened a rare and potentially lucrative window for Indian exporters.
Index continued its firm trade in late afternoon session as traders got some support after the government data showed that wholesale price index (WPI) in India eased to 2.05 per cent in march from 2.38 per cent in February, mainly on account of fall in prices of crude petroleum & natural gas, non-food articles and food articles. In last leg of the trade, index added some gains and closed above 23,300 mark.
