New Delhi: The Indian stock market witnessed a strong surge today following the historic trade agreement between India and the European Union (EU), described as India’s largest-ever trade deal. Investor sentiment soared, resulting in a significant boost to market wealth.
The BSE Sensex jumped over 600 points in early trading, reaching 82,503, while the NSE Nifty 50 climbed past 25,350, gaining more than 150 points. This rally increased investor wealth by approximately ₹2.9 lakh crore, and the total market capitalization of BSE-listed companies rose to ₹456 lakh crore.
By 11:00 AM, the Sensex was trading 406.53 points higher (0.50%) at 82,264.01, and Nifty was 115.20 points up (0.46%) at 25,290.60. Among Sensex stocks, Axis Bank, Eternal, and Adani Ports saw the highest gains, while Asian Paints, Maruti Suzuki, and Infosys experienced declines.
In broader markets, the Nifty Smallcap 100 Index rose over 1%, and the Nifty Midcap 100 Index gained 0.56%.
Key Factors Driving Today’s Rally:
- Historic India-EU Trade Deal boosting investor confidence.
- Positive global market trends supporting domestic indices.
- Strong buying in banking and infrastructure stocks.
- Recovery in midcap and smallcap segments.
- Optimism over corporate earnings and economic growth indicators.
The deal is expected to significantly enhance bilateral trade and investment, further fueling market optimism in the coming weeks.
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