Overview
- The Sensex closed at 82,530.74, up over 1,200 points, while the Nifty ended at 25,062.10, marking a 1.6% gain and reclaiming the 25,000 level after seven months.
- Reports of US President Donald Trump claiming India offered a zero-tariff trade deal on American goods lifted investor sentiment significantly.
- Heavy buying across key sectors, including banking, auto, IT, and metals, contributed to the rally, with stocks like Tata Motors, HDFC Bank, and Reliance Industries leading the gains.
- Foreign portfolio investors infused over ₹5,300 crore into Indian equities, while domestic institutional investors were net sellers, highlighting a shift in institutional flows.
- Market volatility eased as the India VIX dropped to 16.89, reflecting reduced uncertainty as traders responded positively to trade deal optimism and easing inflation.