** India's benchmark NSE Nifty 50 NSE:NIFTY 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 NSE:CNXFINANCE and autos NSE:CNXAUTO
** HDFC Bank NSE:HDFCBANK, 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 NSE:TATAPOWER gains 4% after signing a 200 MW renewable energy pact with NTPC NSE:NTPC
** Samvardhana Motherson NSE:MOTHERSON and Dixon Tech NSE:DIXON also rise on expectations of benefits from U.S. tariff relief
** Smallcaps NSE:CNXSMALLCAP and midcaps NSE:CNXMIDCAP gain 2.8% and 2.1%, respectively