Indian shares rise on hopes of some tariff exemptions; financials, auto lead

Samvardhana Motherson International

15/04/2025 07:57

** India's benchmark NSE Nifty 50 .NSEI and BSE Sensex .BSEsN gain about 2% each after U.S. President Donald Trump hints at more tariff exemptions

** Both indexes poised to erase losses since imposition of U.S. tariffs on April 2, outperforming all other Asian peers

** 12 of 13 major sectors advance, led by a 3% gain each in financials .NIFTYFIN and autos .NIFTYAUTO

** HDFC Bank HDBK.NS, the heaviest-weighted Nifty stock, jumps 3.7% after cutting deposits interest rate; that along with lower borrowing rate should boost margins, says Macquarie

** Tata Power TTPW.NS gains 4% after signing a 200 MW renewable energy pact with NTPC NTPC.NS

** Samvardhana Motherson SAMD.NS and Dixon Tech DIXO.NS also rise on expectations of benefits from U.S. tariff relief

** Smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 gain 2.8% and 2.1%, respectively

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))