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Stock market today: Nifty climbs 500 points as global cues turn positive

Indian stock markets opened with a sharp rally as hopes of easing US-China trade tensions lifted investor sentiment. Sensex and Nifty registered strong gains after the US hinted at temporary tariff relief in key sectors

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Indian stock markets surged at the opening bell on Tuesday, buoyed by renewed global optimism and growing hopes that trade tensions between the United States and China may ease following recent statements from the US administration.

The BSE Sensex soared by 1,679.20 points, or 2.23 per cent, opening at 76,836.46, while the NSE Nifty 50 index leapt 539.80 points, or 2.36 per cent, to start the session at 23,368.35. The bullish sentiment followed signals from Washington suggesting temporary tariff relief, which investors view as a step towards a potential resolution in the long-standing trade dispute.

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