Indian equity markets ended on a strong note as optimism surrounding the India–US trade deal lifted investor sentiment. The BSE Sensex surged past the 84,000 mark, reclaiming levels last seen during earlier market highs, while the NSE Nifty also posted significant gains.
Market Performance
The Sensex closed at 84,065.75, up 485 points, after touching an intraday high of 84,314.68. The Nifty settled at 25,867.30, gaining 173 points, with an intraday peak of 25,922.25. The rally was broad-based, with several sectors contributing to the upward momentum.
Key Gainers
- Banking & Financials: State Bank of India, Kotak Mahindra Bank, and ICICI Bank saw strong buying interest.
- Consumer Durables & Realty: Titan, Trent, and Mahindra & Mahindra led the charge in consumer and realty segments.
- Infrastructure & Industrials: Larsen & Toubro and UltraTech Cement posted notable gains.
- Pharma & Paints: Sun Pharma and Asian Paints added to the rally.
Laggards
Despite the overall bullish sentiment, a few heavyweights such as PowerGrid, NTPC, ITC, Infosys, and Axis Bank ended lower, reflecting selective profit booking.
Drivers of Optimism
- Trade Deal Hopes: Renewed optimism over the India–US trade agreement boosted investor confidence, with expectations of stronger export opportunities.
- Global Cues: Positive signals from international markets supported domestic equities.
- Foreign Inflows: Continued foreign institutional investor (FII) participation added strength to the rally.
Market Outlook
Analysts suggest that if trade negotiations progress smoothly, Indian markets could see sustained momentum. Banking, infrastructure, and consumer sectors are expected to benefit the most, while global cues will continue to play a critical role in shaping investor sentiment.
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