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Sensex surges nearly 800 points: What's driving today's market rally
22 Jan 2026

The benchmark indices in the Indian stock market opened on a positive note today, with the Sensex gaining nearly 800 points.

The rally was largely driven by a rebound in global equities after US President Donald Trump eased tensions over Greenland and dropped plans for new tariffs on European allies.

At around 9:45am the Sensex surged by 773.05 points or 0.94% to 82,682.69 while Nifty climbed to 25,402.85 up by 245.35 points.

Trump's stance on Greenland and trade deal
Global impact

President Trump's decision to withdraw a threat of tariffs on several countries over their position on Greenland has also contributed to the market rally.

He announced that he had reached the outlines of a deal with NATO regarding the future of the island.

"Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st," Trump said after a meeting in Davos.

Optimism around India-US trade deal
Trade optimism

Adding to the positive market sentiment is Trump's statement that the US is "going to have a good deal (with India). "

This has sparked optimism over a potential bilateral trade agreement between the two nations.

The combination of these global developments has contributed significantly to today's rally in India's benchmark indices.