Mumbai’s stock market bounced back with a bang on Tuesday, thanks to fresh hopes from India-US trade talks kicking off again and buzz around a possible US Federal Reserve interest rate cut. Indian stock market investors cheered as the Sensex and Nifty both climbed higher, ending the day on a strong note.
The Sensex wrapped up at 82,380.69, marking a solid gain of 594.95 points or 0.73%. It kicked off the trading day just above 81,852.11, building on Monday’s close of 81,785.74. Buying picked up across most sectors—except FMCG—fueled by upbeat global signals. The index even hit a peak of 82,443.48 during the session.
Over on the Nifty, it finished at 25,239.10, up 169.90 points or 0.68%. This rally shows how positive vibes from international news can lift Indian indices like Sensex and Nifty.
Vinod Nair, Head of Research at Geojit Investments, shared his take: “The Indian stock market kept its recovery going, boosted by global optimism over a 25 basis points rate cut from the US Fed and excitement from the renewed India-US trade talks. Auto and consumer durable stocks led the charge, with new GST rates rolling out and festive season demand looking promising.”
Looking ahead, eyes stay glued to those trade negotiations. Plus, India’s rock-solid economic basics should spark better company earnings forecasts, keeping valuations steady and cushioning any dips in the stock market today.
From the Sensex pack, big winners included Kotak Bank, Mahindra & Mahindra, L&T, Maruti Suzuki, Bharti Airtel, Tata Steel, Adani Airports, Axis Bank, HCL Tech, NTPC, TCS, BEL, Eternal, SBI, Titan, Tech Mahindra, and PowerGrid. On the flip side, Bajaj FinServ and Asian Paints dragged a bit.
Sector-wise, most ended in the green with fresh buying. Nifty Financial Services climbed 102 points or 0.39%, Nifty Bank surged 259 points or 0.47%, Nifty Auto rocketed 385 points or 1.44%, and Nifty IT gained 310 points or 0.86%. Only Nifty FMCG slipped.
Smaller players joined the party too—Nifty Small Cap 100 rose 171 points or 0.95%, Nifty Midcap 100 added 313 points or 0.54%, and Nifty 100 went up 170 points or 0.66%.
The Indian rupee also strengthened, gaining 0.13% to trade at 83.05 against the dollar. This lift came from Fed rate cut expectations and the positive spin on India-US trade talks.
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