Markets Begin Trading In Green, Sensex Above 81,400, Nifty Tests 25K

Dalal Street looked set for another day of robust gains on Wednesday. The BSE Sensex opened the session over 81,400, soaring more than 300 points, while the NSE Nifty50 began trading a little under 25k at 24,974, rising 105 points.

On the 30-share Sensex, L&T, BEL, TCS, Kotak Mahindra Bank, and HCL Tech emerged among the gainers. Meanwhile, the laggards included M&M, Sun Pharma, Maruti, Eternal, ITC, and Tata Steel.

In the broader markets, the Nifty Midcap Select stood out with gains of 1.08 per cent. Sectorally, the Midsmall IT & Telecom index dominated across the board after it climbed 2.04 per cent. The Auto index remained the only index in red as it slipped 0.19 per cent.

Notably, the GIFT Nifty gave favourable indications for the day after it climbed 42 points early morning today. In the pre-open session, around 9:08 AM, the Sensex tested 81,500 after jumping nearly 400 points, while the Nifty inched closer to 25k after climbing over 100 points.

India-US Relations Improve

Indicating a possible easing of trade tensions, US President Donald Trump expressed confidence that Washington and New Delhi will be able to reach a successful outcome in their ongoing trade negotiations. In a post on Truth Social on Tuesday, Trump said he was “pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations.” He added, “I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!”

Prime Minister Narendra Modi responded on X a day later, noting that the discussions hold the potential to unlock “the limitless potential of the partnership” between the two nations.

Market Impact And FII Flows

Analysts said the upbeat exchange between the two leaders offered fresh optimism for investors. “A major positive for the market today comes from President Trump’s initiative to improve India-US relations and PM Modi’s positive response to the same,” VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, observed.

The sentiment helped boost equity markets on Tuesday. Foreign Institutional Investors (FIIs), who had been persistent sellers in recent sessions, turned buyers and picked up equities worth Rs 2,050.46 crore, according to exchange data.

Global Markets And Oil Prices

Asian equities also traded firm, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng posting gains. US markets closed higher overnight, adding further strength to risk appetite.

Meanwhile, global oil prices edged up, with Brent crude rising 0.87 per cent to $66.95 a barrel.

How Did Markets Fare Yesterday?

Indian equity markets extended gains on Tuesday, lifted by a sharp rebound in IT and FMCG counters alongside renewed hopes of a US Federal Reserve rate cut later this month.

The BSE Sensex climbed 314.02 points, or 0.39 per cent, to close at 81,101.32 after touching an intraday high of 81,181.37. The NSE Nifty advanced for the fifth straight session, gaining 95.45 points, or 0.39 per cent, to settle at 24,868.60.