Domestic stock markets experienced a significant upswing on Thursday, buoyed by US President Donald Trump’s announcement that India has agreed to eliminate tariffs on a variety of American goods as part of a bilateral trade agreement. This news invigorated investor sentiment, leading the Sensex to surge by 1,200.18 points, or 1.48 percent, closing at 82,530.74. During the trading session, the index peaked at an intra-day high of 82,718.14.
The Nifty index also performed well, surpassing the 25,000 mark for the first time since October 2024, finishing at 25,062.10. This index climbed 395.20 points, or 1.6 percent, and fluctuated within a range of 24,494.45 to 25,116.25 throughout the session. A recent consolidation breakout, combined with movement above previous swing highs, has raised the chances of the index reaching around 25,690 in the near term, according to market experts. Rupak De from LKP Securities indicated that “immediate resistance is placed at 25,360, above which further upside potential may be unlocked,” while identifying 24,400 as robust support in the short to medium term.
Among the 30 stocks that constitute the Sensex, Tata Motors saw the most significant gains with a jump of 4.16 percent, followed by HCL Technologies, which rose by 3.37 percent. Other notable winners included Eternal at 2.22 percent and Adani Ports at 2.19 percent. In contrast, IndusInd Bank was the sole loser, declining by 0.16 percent.
Mid- and small-cap stocks also contributed to the rally, with the Nifty Midcap100 index up by 0.70 percent and the Nifty Smallcap100 gaining 0.54 percent. All sectoral indices on the National Stock Exchange (NSE) closed positively, reflecting widespread buying activity. Market volatility relaxed as well, with the India VIX—an indicator of market fear and uncertainty—falling by 1.93 percent to settle at 16.89.
Analysts attribute the market rally to easing geopolitical and trade concerns alongside strengthening domestic sentiment, which collectively heightened investor confidence across various sectors.
Original Source: https://www.morungexpress.com/stock-market-surges-after-trumps-india-trade-deal-claim-nifty-above-25000
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Publish Date: 2025-05-15 16:08:00
