Indian stock markets witnessed a strong rally on Tuesday, with benchmark indices surging as global sentiment improved following former U.S. President Donald Trump’s decision to pause tariffs. The rally pushed the Nifty past the 23,700 mark, while the Sensex registered a sharp gain of 1,397 points.

At the close of trading, the BSE Sensex settled at 78,583.81, up 1.81% or 1,397.07 points, while the NSE Nifty rose 1.62% or 378.20 points to end at 23,739.25. Market breadth remained positive, with 2,426 stocks advancing, 1,349 declining, and 144 remaining unchanged.

Among the biggest gainers on the Nifty were Shriram Finance, Larsen & Toubro (L&T), Adani Ports, Bharat Electronics, and IndusInd Bank, all registering notable gains. On the other hand, Trent, Britannia Industries, Hero MotoCorp, Nestlé India, and Eicher Motors were among the stocks that ended in the red.

Barring the FMCG sector, all other sectoral indices closed in positive territory. The Nifty PSU Bank, Infrastructure, Energy, and Oil & Gas indices gained 2% each, reflecting strong investor interest in these segments.

Midcap and smallcap stocks also saw steady buying, with the Nifty Midcap index rising by 1.6% and the Smallcap index gaining 1%.