नवीनतम
Sensex jumps 1,200 pts, Nifty reclaims 25K peak
MUMBAI [Maha Media]: Domestic stock markets closed sharply higher on Thursday after US President Donald Trump claimed that India has agreed to reduce tariffs to zero on a range of American goods as part of a bilateral trade deal.
The announcement lifted investor sentiment significantly. The Sensex surged by 1,200.18 points, or 1.48 per cent, to end the day at 82,530.74. During the session, the index touched an intra-day high of 82,718.14.
The Nifty index also posted strong gains, closing above the 25,000 mark for the first time since October 2024. It ended the day at 25,062.10, up by 395.20 points or 1.6 per cent. The index traded within a range of 24,494.45 to 25,116.25 during the session.
A recent breakout from consolidation, coupled with a move above the previous swing high, has increased the likelihood of the Nifty reaching 25,690 in the near term, according to market experts.
“Immediate resistance is placed at 25,360, above which further upside potential may be unlocked. On the downside, 24,400 is expected to act as strong support in the short to medium term,” said Rupak De of LKP Securities.
Among the 30 Sensex constituents, Tata Motors led the rally with a 4.16 per cent gain, followed by HCL Technologies, which rose 3.37 per cent. Eternal advanced 2.22 per cent, while Adani Ports added 2.19 per cent. Other notable gainers included Maruti Suzuki India, Asian Paints, and ICICI Bank.
IndusInd Bank was the sole loser on the index, slipping by 0.16 per cent.
Mid- and small-cap stocks also joined the rally. The Nifty Midcap100 index rose 0.70 per cent, while the Nifty Smallcap100 gained 0.54 per cent.
All sectoral indices on the NSE ended in the green, reflecting broad-based buying across sectors.
Market volatility eased as well. The India VIX, which measures market fear and uncertainty, dropped by 1.93 per cent to settle at 16.89.
Analysts attributed the rally to easing geopolitical and trade tensions, coupled with strong domestic sentiment.
