India's benchmarks jump on bargain hunting, tariff relief hopes

India's benchmark indexes jump 1.2%, set for biggest daily percentage gains in a month

Attractive buying opportunity after recent fall and hopes of U.S. President Donald Trump taking back some tariffs imposed on Canada and Mexico aiding equities on the day, analysts say

All 13 major sectors gain, with export-focused IT .NIFTYIT up 2.7%; index is the biggest boost for benchmark Nifty 50 .NSEI

Coforge COFO.NS leads gains among IT, soars 9% on $1.56 billion deal with Sabre Corp SABR.O

Broader midcaps .NIFMDCP100 and smallcaps .NIFSMCP100 up 2.1% and 2.4%, respectively

Analysts expect caution to prevail in the near term amid tariff uncertainty

U.S. president reiterates intention to impose reciprocal tariffs on several countries, including India, on April 2