Indian equities rebounded sharply after Union Budget 2026, with Nifty and Sensex rising nearly 3 per cent, boosted by the India-US trade deal cutting tariffs from 25 per cent to 18 per cent, triggering broad-based buying across sectors

The rupee appreciated sharply by 119 paise to 90.30 against the US dollar in early trade on Tuesday after the United States slashed tariffs on Indian goods from 50 per cent to 18 per cent under the India-US trade deal. Forex traders said the reduced tariff has improved India’s relative trade position and could revive Foreign Institutional Investor