The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,543 level, a premium of nearly 101 points from the Nifty future

Equity benchmark indices Sensex and Nifty 50 on Tuesday (February 4) zoomed more than 1 per cent each, mirroring gains in the Asian peers, as Street rejoiced US President Donald Trump’s decision to delay tariffs on Mexico and Canada for a month.

Indian benchmark indices The Sensex and Nifty surged in the second half of Tuesday, closing nearly 2 per cent higher after the US paused its planned tariffs on Canada and Mexico, providing temporary relief from escalating trade tensions.