Sensex, Nifty surge after White House tariff pause

Benchmark indices began Friday’s session on a strong note, led by a rally in pharma stocks, following the White House’s announcement of a 90-day pause on new tariffs, which lifted investor sentiment.

As of 9:25 am, the S&P BSE Sensex jumped 1,203.89 points to reach 75,051.04, while the NSE Nifty 50 advanced by 385.25 points to 22,784.40.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented that while the Nifty's gap-up opening may look promising, it is unlikely to sustain amid ongoing global uncertainty.

"There is no room for a sustained rally in the market in the present uncertain context. But investors can take relief from the fact that Indian macros are good and we are one of the least impacted countries in this trade war. Investors have to be cautious and should prioritise safety over returns. Safety now is in fairly valued largecaps," he said.