In a seismic shift for Indian equities, the BSE Sensex unleashed a 2,254-point surge to 83,920.51 on Tuesday, propelled by the freshly inked India-US trade deal. Opening bells rang with fireworks: Sensex up 3,657 points at 85,323.20 and Nifty vaulting 1,219.65 points to 26,308.05. By mid-morning, Nifty mirrored at 83,920.51, gaining 691.30 points or 2.76%, as every Nifty index painted green.
Intraday peaks saw Sensex at 85,871.73 and Nifty at 26,341.20, underscoring the deal’s immediate impact. Broader markets shone brighter, with Nifty Midcap 100 and Smallcap indices climbing 4%. Stellar performances came from auto, IT, metal, bank, PSU bank, and pharma sectors, each up over 3%.
Sensex heavyweights dominated gains: Adani Ports rocketed 6.89%, Bajaj Finance 4.90%, IndiGo 4.66%, Bajaj Finserv 4.39%, ITC 4.16%, L&T 3.70%, and Sun Pharma 3.63%. Just one laggard, ITC, posted minor losses amid the frenzy.
President Trump’s Monday revelation reduced reciprocal duties on Indian products from 25% to 18%, easing trade barriers and boosting prospects for exporters. Analysts predict this pact will catalyze economic ties, potentially heralding a new bull phase for Indian markets.