The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,121 level, a discount of nearly 70 points from the Nifty futures’ previous close.

The rally on D-Street was led by metals, realty, auto, PSU Banks, and IT stocks. The Nifty Metals was the top gainer among the sectoral indices, gaining more than 4% to close at 8,685.20.

All sectoral indices saw a bull trend with metal, IT, PSU Bank, oil and gas and auto stocks surging the most. Sensex is shy of the 74,000 mark, and Nifty neared 22,400 levels. Indian equities outperformed Wall Street which saw a bearish trend after Trump threatened to impose reciprocal tariffs on foreign nations from April 2.