Benchmark Indices Surge in Early Trade
Indian equity benchmarks opened Tuesday on a strong note, with the BSE Sensex and Nifty 50 posting sharp gains after India and the United States agreed on a trade deal that lowers reciprocal tariffs on Indian goods.In early trade, the 30 share Sensex surged 3,656.74 points to 85,323.20, while the 50 share Nifty climbed 1,219.65 points to 26,308.05.
Rally Extends as Buying Momentum Strengthens
The bullish momentum continued through the session. The Sensex advanced 4,205.27 points, or 5.14 percent, to 85,871.73. The Nifty jumped 1,252.80 points, or 4.99 percent, to 26,341.20, reflecting broad based buying across sectors.Trade Deal Boosts Market Sentiment
The rally followed confirmation that Washington will reduce reciprocal tariffs on Indian goods to 18 percent from the existing 25 percent. The announcement came after a phone conversation between US President Donald Trump and Prime Minister Narendra Modi on Monday.The tariff cut is being viewed as a significant positive for trade linked sectors and overall market sentiment.
Sensex Stocks Lead the Gains
Among Sensex constituents, Adani Ports, Bajaj Finance, Eternal, Bajaj Finserv, InterGlobe Aviation and Reliance Industries recorded strong gains, rising in the range of 3.7 percent to 7.2 percent.ITC was the only stock trading lower in the blue chip pack during the session.
Asian Markets Trade Firm
Asian equity markets also traded higher. South Korea’s Kospi jumped 5 percent, while Japan’s Nikkei 225, China’s Shanghai Composite and Hong Kong’s Hang Seng index were all trading in positive territory.Institutional Activity and Global Cues
In the previous session, foreign institutional investors sold equities worth Rs 1,832.46 crore, while domestic institutional investors bought shares worth Rs 2,446.33 crore, as per exchange data.Meanwhile, Brent crude oil slipped 0.51 percent to USD 65.96 per barrel.
Previous Session Close
On Monday, the Sensex had ended 943.52 points higher, or 1.17 percent, at 81,666.46, while the Nifty closed up 262.95 points, or 1.06 percent, at 25,088.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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