After three consecutive days of declines, the Indian stock market opened sharply higher today following positive signals from US President Donald Trump regarding a trade deal with India. The announcement triggered a surge in investor sentiment, pushing key indices upward.
In early trading, the BSE Sensex jumped over 800 points, while the NSE Nifty gained more than 250 points. At 9:38 AM, Sensex was trading at 82,741.60, up 831.97 points (1.02%), and Nifty stood at 25,408, up 250.50 points (1%).
Sector and Stock Movements
Out of the 30 stocks in the Sensex, 28 advanced, led by Eternal, Asian Paints, SBI, Adani Ports, BEL, Tata Steel, Indigo, Mahindra & Mahindra, Axis Bank, Sun Pharma, HDFC Bank, ITC, Power Grid, Tech Mahindra, Maruti Suzuki, Kotak Bank, and Infosys, which rose between 0.5% and 6%. Only UltraTech Cement and NTPC witnessed declines.
The broader market also performed strongly. The Nifty Midcap Index rose 1.4%, while the Nifty Smallcap Index climbed over 1%. All sectoral indices traded in positive territory. Nifty PSU Bank rose 2%, Nifty Auto and Nifty Bank climbed over 1%, Nifty IT gained 0.9%, and Nifty Metal advanced 0.8%.
Market analysts attributed the rally to renewed optimism over India-US trade relations, which is expected to boost investor confidence and strengthen bilateral economic ties.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.