Sensex gains 480 points as investors cheer US SC tariff verdict

Indian stock markets surged as Sensex and Nifty closed higher, driven by positive sentiment following the US Supreme Court’s decision on tariffs and gains in key sectors like PSU banks and auto. Photograph: Francis Mascarenhas/Reuters Key Points Sensex and Nifty

Sensex down 376 points on selling in RIL, HDFC Bank

Benchmark indices Sensex and Nifty ended lower for the second day in a row on Tuesday, dragged by heavy selling in blue-chips Reliance Industries, HDFC Bank, and worries over fresh warning from the US to further raise tariffs against India.