Stock Market Surges After Trumps India Trade Deal Claim, Nifty Above 25,000

Mumbai: Domestic inventory markets closed sharply upper on Thursday after US President Donald Trump claimed that India has agreed to scale back price lists to 0 on a spread of American items as a part of the bilateral industry deal. 

The announcement lifted investor sentiment. The Sensex surged by means of 1,200.18 issues, or 1.48 in keeping with cent, to finish the day at 82,530.74. During the consultation, the index touched an intra-day prime of 82,718.14.

The Nifty index additionally noticed robust positive aspects, remaining above the 25,000 mark for the primary time after October 2024, finishing at 25,062.10.

The index received 395.20 issues, or 1.6 in keeping with cent, and traded in a spread between 24,494.45 and 25,116.25 all the way through the consultation.

The fresh consolidation breakout, together with a transfer above the swing prime, has larger the chance of the index attaining 25,690 within the quick time period, marketplace skilled stated.

“Immediate resistance is placed at 25,360, above which further upside potential may be unlocked. On the downside, 24,400 is expected to act as strong support in the short to medium term,” Rupak De of LKP Securities said.

On the 30 Sensex constituent shares, Tata Motors led the positive aspects with a 4.16 in keeping with cent soar, adopted by means of HCL Technologies, which rose 3.37 in keeping with cent.

Eternal received 2.22 in keeping with cent, whilst Adani Ports added 2.19 in keeping with cent. Other notable gainers come with Maruti Suzuki India, Asian Paints, ICICI Bank and extra.

On the disadvantage, IndusInd Bank was once the one loser with a drop of 0.16 in keeping with cent.

Mid- and small-cap shares additionally participated within the rally. The Nifty Midcap100 index rose 0.70 in keeping with cent, and the Nifty Smallcap100 received 0.54 in keeping with cent.

All sectoral indices at the NSE led to sure territory — appearing broad-based purchasing.

Market volatility additionally eased. The India VIX, which measures concern and uncertainty available in the market, dropped by means of 1.93 in keeping with cent to settle at 16.89.

Analysts stated that easing geopolitical and industry issues, together with robust home sentiment, helped gasoline the rally throughout sectors.