New Delhi: The India-US trade deal has triggered a strong rally in the Indian stock market on Tuesday. Both the BSE Sensex and NSE Nifty 50 closed with significant gains.
The Sensex surged 2,072.67 points (2.54%) to close at 83,739.13, while the Nifty gained 639.15 points (2.55%) to settle at 25,727.55. Realty and financial stocks played a key role in driving the market higher. Nifty Realty rose 4.79%, and Nifty Financial Services gained 3.27%, emerging as the top sectoral performers. Other indices that closed in the green included Nifty Healthcare (3.16%), Nifty Infrastructure (3.03%), Nifty Pharma (3.02%), Nifty Energy (3.02%), Nifty Auto (2.81%), and Nifty Metal (2.87%).
Top Performing Stocks:
Among Sensex stocks, 28 out of 30 closed in the green. Notable gainers included Adani Ports, Bajaj Finance, Indigo, Power Grid, Sun Pharma, Bajaj Finserv, SBI, L&T, Axis Bank, Titan, ICICI Bank, Maruti Suzuki, Trent, Eternal, NTPC, Tata Steel, HDFC Bank, and M&M. Only BEL and Tech Mahindra ended as the top losers.
Midcap and Smallcap Performance:
Strong buying interest was also visible in midcap and smallcap stocks. The Nifty Midcap 100 Index rose 1,639.50 points (2.84%) to 59,307.10, while the Nifty Smallcap 100 Index gained 465.60 points (2.82%) to 16,988.95.
Market Drivers:
Market expert Sunil Shah told IANS that the India-US trade deal has created a positive environment for the domestic economy and capital markets. He added that this deal is expected to support India’s long-term growth trajectory, particularly benefiting sectors like textiles, gems & jewellery, and other key industries.
Another market analyst, Jitendra Vyas, noted that the deal has been received very positively by the market. He said the textile sector will gain as Indian exporters can compete more effectively in the US against countries like Bangladesh. Additionally, the pharma and IT sectors are likely to benefit from the agreement.
Stocks Seeing Strong Buying:
Stocks witnessing robust buying include Reliance Industries (RIL), HDFC Bank, Adani Enterprises, Aarti Industries, Eternal, Jio Financial, Bajaj Finance, and InterGlobe Aviation. Over 121 stocks have surpassed their 52-week highs, signaling strong momentum.
Stocks Showing Weakness:
On the other hand, stocks showing signs of weakness include Tech Mahindra, Bharat Electronics (BEL), and SBI Life Insurance Corporation. Other stocks under selling pressure were PB Fintech (Policybazaar), Aegis Vopak Terminals, Varun Beverages, Rainbow Children’s Med, Chennai Petroleum Corporation, Ola Electric, Medanta, and Aster DM Healthcare. This indicates a potential downtrend in these stocks.
Disclaimer: The analysis and stock suggestions provided are from individual analysts or brokerage firms and do not reflect Navbharat Times’ opinion. Investors are advised to consult certified financial advisors before making any investment decisions, as market conditions can change rapidly.
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