Sensex rises 2,413 points, Nifty crosses 25,800
Historic jump in the market due to India-US Trade Deal
Mumbai,
The Indian stock market registered a strong rally on Tuesday. Investors were enthusiastic after the announcement of the India-US Trade Deal, which led to a strong opening. At the beginning of trading, the Sensex rose 2,413 points, or 2.95 percent, to reach 84,079, while the Nifty jumped 734 points, or 2.93 percent, to trade at 25,823.
The market started the session with a gap-up opening and witnessed widespread buying in the initial minutes itself. Investors saw strong participation in all categories of large, mid-cap, and small-cap stocks. The market breadth remained positive overall, indicating that the rally was not limited to a select few stocks but had spread across most sectors. The rally was led by the financial services, information technology, metals, energy, and realty sectors. Several leading stocks in these sectors recorded sharp gains. According to analysts, this deal has completely changed the market sentiment after the negative sentiment of recent days. Many investors covered previously held short positions, further strengthening the rally.
Key financial sector stocks saw significant gains, boosting the indices. Information technology stocks also saw strong buying as investors hoped an international trade agreement would benefit export-oriented companies. Metals and energy sectors also saw strength, indicating improved global demand. Realty stocks also rose, indicating a strengthening of investors' risk appetite. Mid-cap and small-cap stocks also saw widespread buying, indicating increased market confidence.
Experts believe that the India-US trade deal will accelerate business activity and improve the investment climate. This is why the market has adopted a risk-on stance. Investors will continue to monitor global cues and economic data in the coming sessions. Overall, today's stock market update highlights how positive international developments can influence the direction of the domestic market. If this trend continues, the market could move towards new highs in the coming days.