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20h ago

Sensex and Nifty Tick Higher as India–U.S. Trade Deal Remains Pending

Domestic institutions support markets with net buying before U.S. tariffs take effect on August 1.

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A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS/Brendan McDermid/File Photo

Overview

  • The S&P BSE Sensex closed up 270 points at 83,712.51 and the NSE Nifty 50 rose by 61.20 points to finish at 25,522.50 in Tuesday’s session.
  • Foreign portfolio investors net sold shares worth about Rs 323 crore while domestic institutions bought roughly Rs 1,740 crore, according to provisional data.
  • Traders are cautious ahead of President Donald Trump’s 25% tariffs on imports from 14 countries, set to begin on August 1.
  • President Trump has indicated that a formal India–U.S. trade agreement is close, but markets are still awaiting official confirmation.
  • Attention is shifting to the Q1 FY26 earnings season, with 42 BSE-listed companies—including TCS, Avenue Supermarts, Anand Rathi Wealth and Tata Elxsi—poised to report results this week.