The India–US trade deal has supercharged sentiment, lifting Adani stocks and other heavyweights sharply. Here's a look at the top gainers as markets rally hard after the landmark announcement.
The India–US trade deal lifts a long-standing weight off investors' shoulders, giving the Sensex, Nifty and the rupee a cleaner runway. With clarity finally restored, the market's next leg higher suddenly looks more believable.
The S&P BSE Sensex jumped 2,271.45 points to 83,937.54, while the NSE Nifty50 climbed 691.70 points to 25,780.10 as of 9:28 am. The sharp rise came as investors reacted to clarity on the India-US trade agreement, which had remained delayed for months and was seen as a key reason behind recent market weakness.
The India–US trade deal has given the Sensex and Nifty their strongest tailwind in months, setting the stage for what could become a far more extended market surge.
Early signals from the Gift Nifty point to a strong opening. Gift Nifty futures were trading at around 26,190 points at 8:26 am. This suggests that the Nifty 50 index could open nearly 4.5% higher than Monday's closing level of 25,088.4.
The S&P BSE Sensex rallied 943.52 points to close at 81,666.46, while the NSE Nifty50 added 262.95 points to end at 25,088.40.
The S&P BSE Sensex was up 161.62 points to 80,884.56, while the NSE Nifty50 added 9.80 points to 24,835.25 as of 9:28 am.
Gift Nifty futures (GIFc1) were trading at 24,869.5 points at around 8:00 am. This suggests that the benchmark Nifty 50 index may open close to Sunday's closing level of 24,825.45.
The S&P BSE Sensex tanked 1,546.84 points to close at 80,722.94, while the NSE Nifty50 lost 495.20 points to end at 24,825.45.
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are both conducting full trading sessions today. This marks only the second time since Independence that equity markets are open on a Sunday.
The National Stock Exchange and the Bombay Stock Exchange will conduct a full trading session, making this only the second instance since Independence that equity markets will operate on a Sunday.
The S&P BSE Sensex closed 296.59 points lower at 82,269.78, while the NSE Nifty50 lost 98.25 points to end at 25,320.65.
The Nifty Metal index slipped close to 5% to 11,855.85, ending its three-day winning run during which it had gained nearly 9%. On Friday, the metal index emerged as the worst-performing sector on Dalal Street.
At around 9:30 am, the S&P BSE Sensex was down 516.43 points at 82,049.94. The NSE Nifty50 fell 192.75 points to 25,226.15. Market participants appeared to be booking profits and reducing risk as Budget Day approached.
The S&P BSE Sensex was down by 491.22 points to 82,075.15, while the NSE Nifty50 tanked 163.95 points to 25,254.95 as of 9:25 am.
The Nifty 50 closed 0.3% higher at 25,418.90, while the BSE Sensex rose 0.27% to end at 82,566.37. Both indices recovered after falling around 0.8% earlier in the day, as buying returned in heavyweight stocks.
At 10:10 am, the Sensex was down 560 points, or 0.68%, at 81,784.28, and the Nifty fell 158 points to 25,184.30, slipping below key intraday support.
The S&P BSE Sensex was down by 275 points to 82,069.68, while the NSE Nifty50 lost 48 points to 25,294.75 as of 9:25 am.
The US Federal Reserve held key interest rates steady and Dalal Street is expected to react to it. Gift Nifty futures were trading at 25,371 around 8:30 AM. This indicates an opening close to Wednesday's Nifty 50 closing level of 25,342.75.
The Nifty50 closed 0.66% higher at 25,342.75, while the BSE Sensex gained 0.6% to end at 82,344.68. With this rise, both benchmark indices have added close to 1% over the last two trading sessions.
