Top News

Due to the US-India trade deal, the Indian stock market closed in the green in Tuesday’s trading session. At the end of the day, Sensex closed at 83,739.13 with a gain of 2,072.67 points or 2.54 per cent and Nifty closed at 25,727.55 with a gain of 639.15 points or 2.55 per cent.

Realty and financial stocks did the job of pulling the market up. Due to this, Nifty Realty (4.79 percent) and Nifty Financial Services (3.27 percent) were the top gainers among the main indices. With this, Nifty Healthcare (3.16 percent), Nifty Infra (3.03 percent), Nifty Pharma (3.02 percent), Nifty Energy (3.02 percent), Nifty Auto (2.81 percent) and Nifty Metal (2.87 percent) closed with gains.

28 out of 30 stocks in the Sensex pack closed in the green. Adani Ports, Bajaj Finance, Indigo, Power Grid, Sun Pharma, Bajaj Finserv, SBI, L&T, Axis Bank, Titan, ICICI Bank, Maruti Suzuki, Trent, Eternal, NTPC, Tata Steel, HDFC Bank and M&M were the top gainers. BEL and Tech Mahindra were the top losers.

Along with largecaps, strong buying has also been seen in midcaps and smallcaps. The Nifty Midcap 100 index was at 59,307.10, up 1,639.50 points or 2.84 per cent, and the Nifty Smallcap 100 index was at 16,988.95, up 465.60 points or 2.82 per cent.

Market expert Sunil Shah, while talking to news agency IANS, said that the India-US trade deal has created a positive environment for the domestic economy and capital markets. This will help India achieve faster growth rates in the long run.

Shah further said that this deal will greatly benefit India’s textile, gems and jewellery, and other sectors.

Other market expert Jitendra Vyas said that the market has given a very positive reaction to the India-US trade deal. This will benefit the market in the long run. This will be of great benefit to the textile sector, as this deal will enable Indian exporters to sell their goods in the US at more competitive prices compared to countries like Bangladesh. Apart from this, the pharma and IT sectors will also benefit from this deal.

Share market expert Deepen Dudhia said that there was a decline in the market due to American tariffs, but now it has come down to 18 percent. This will increase the interest of investors in the market. The stock market may see a growth of up to 15 percent in the coming times.