Sensex and Nifty surge as global markets rally; Trump hints at trade deal with India, and Q4 earnings impress
PTC Web Desk: Indian stock markets opened on a strong note Friday morning, lifted by positive global trends, hopes of a new India-US trade deal, and better-than-expected Q4 earnings across sectors. Around 10 am, the BSE Sensex rose 867.48 points to reach 81,109.72, and the NSE Nifty50 climbed 247.90 points to 24,582.10.
Top Gainers on Sensex
Adani Ports: 4.70%
Maruti Suzuki: 2.32%
IndusInd Bank: 1.97%
Eternal: 1.72%
Axis Bank: 1.53%
Top Losers:
Nestle India: -1.19%
Titan: -1.14%
Bajaj Finserv: -0.53%
Hindustan Unilever: -0.51%
Power Grid: -0.29%
Key factors behind Market rally
US markets closed higher overnight due to falling inflation and optimism about interest rates pausing. This positive energy spilled into Asian markets and boosted investor confidence in India. Donald Trump also hinted at an early trade agreement with India. After a tense few weeks of tariff threats, this raised hopes of smoother trade relations and attracted market interest.
Foreign institutional investors (FIIs) have poured in Rs 37,375 crore over the last 11 sessions, showing strong confidence in Indian markets. Lower crude oil prices and strong corporate earnings have also created a stable macroeconomic environment.
Despite the rally, analysts caution that valuations are high, with the Nifty trading at over 20 times estimated FY26 earnings. Additionally, geopolitical tensions, such as India-Pakistan concerns, may still pose risks.
- With inputs from agencies
