Sensex jumps 2,300 points, Nifty surges past 25,800; rupee strengthens as India, US seal deal
PTC News Desk: Battered by the Union Budget just 48 hours earlier, Indian markets swung sharply higher on Tuesday morning after US President Donald Trump announced that the long-pending India–US trade deal had finally been agreed.
The Sensex opened more than 3,600 points higher to cross the 85,000 mark, after closing at 81,666.46 on Monday. The Nifty50 also surged, jumping nearly 1,200 points from its previous close of 25,088.40.
All sectoral indices opened firmly in the green, with realty, auto, consumer durables and IT stocks leading the rally, rising 4.47 per cent, 3.78 per cent, 3.69 per cent and 3.04 per cent respectively.
By 10 am, however, both indices had pared early gains, with the Sensex up over 2,200 points and the Nifty50 higher by around 650 points.
The rupee also strengthened in early trade, gaining 1.2 per cent to trade at 90.40 against the US dollar.
Indian stock markets have witnessed sharp volatility over the past week. The latest rally follows earlier gains after India and the European Union announced a Free Trade Agreement, which Prime Minister Narendra Modi and European Commission President Ursula von der Leyen described as “the mother of all trade deals.”
In a post on X, PM Modi said the two of the world’s largest democratic trading blocs — with bilateral trade valued at $213 billion — had “sealed the biggest FTA in our history.”
- With inputs from agencies
