New Delhi: The Indian stock market witnessed a massive rally today following the announcement of the India-US trade deal. In early trading, the BSE Sensex surged by 3,500 points, while the Nifty 50 index jumped nearly 1,200 points. In just 15 minutes, the combined market capitalization of BSE-listed companies soared by ₹13 lakh crore, reaching ₹468.32 lakh crore.
At 10:30 AM, the Sensex was trading at 83,983.70, up 2,317.24 points (2.84%), while the Nifty 50 rose 704.05 points (2.81%) to 25,792.45.
Sector and Stock Performance
Among Sensex constituents, significant gains were seen in Adani Ports, Bajaj Finserv, Reliance Industries, Infosys, Titan, Mahindra & Mahindra, Larsen & Toubro, Indigo, Sun Pharma, Trent, HCL Tech, and Maruti Suzuki, with prices rising between 3% and 7%. Broader markets also benefitted, with Nifty Midcap 100 and Smallcap 100 indices climbing 2.5%–2.75%.
Sector-wise, Nifty Auto, IT, Metal, Bank, PSU Bank, and Pharma indices surged over 3%, reflecting broad-based market optimism.
Adani Group Leads Gains
Adani Group stocks saw extraordinary gains post-deal, driven by expectations of potential benefits from the trade agreement. Shares of Adani Green Energy rose 13%, Adani Enterprises jumped 10%, while Adani Energy Solutions, Adani Ports, and Adani Total Gas gained 6%–8%, according to Jefferies.
The surge demonstrates renewed investor confidence in Indian equities, fueled by the positive implications of improved trade relations with the United States.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.