The Indian stock markets opened in green on Friday, encouraged by renewed optimism surrounding trade ties between India and the United States.
President Donald Trump indicated that a ‘great’ trade deal with India was in the works, driving positive investor sentiment during early trading hours.
At 9:15 AM, the BSE Sensex was trading 150.40 points higher at 83,906.27, up by 0.18 per cent.
The NSE Nifty followed suit, rising by 54.50 points, or 0.21 per cent, to reach 25,603.
Addressing an event at the White House, Trump stated he had a ‘very big’ deal with India, fuelling speculation of progress in bilateral negotiations.
The statement follows recent behind-closed-doors discussions held by negotiating teams from both nations.
Market analysts noted that the potential delay of the July 9 US tariff deadline also contributed to positive momentum.
The expectation of extended talks has eased immediate concerns over trade restrictions.
Sectoral movement & technical outlook
Despite the overall gains, the Nifty Bank index showed a slight decline, trading 80.25 points lower at 57,126.45.
However, midcap and smallcap stocks continued to perform well.
The Nifty Midcap 100 rose by 278.25 points to 59,505.65, and the Nifty Smallcap 100 gained 114.70 points to touch 18,920.30.
According to Axis Securities, the current trend suggests further upside.
“The breakout seen yesterday could push markets toward the 25,700–25,800 resistance zone. Support near 25,000 continues to hold firm,” noted Akshay Chinchalkar, Head of Research.
In the Sensex pack, L&T, Tata Steel, SBI, Tata Motors, NTPC, and HCL Technologies led the gains.
On the flip side, HDFC Bank, Bajaj Finserv, Kotak Mahindra Bank, and Bajaj Finance were among the top laggards.
Foreign institutional investors (FIIs) emerged as net buyers on June 26, acquiring equities worth ₹12,594.38 crore.
Domestic institutional investors (DIIs), meanwhile, booked profits, selling shares worth ₹195.23 crore.
Asian markets displayed mixed trends. Indices in China, Bangkok, Seoul, and Hong Kong traded lower, whereas Japan bucked the trend with gains.
Overnight, US markets closed strong, with the Dow Jones gaining 404.41 points, the S&P 500 rising by 48.86 points, and the Nasdaq climbing 194.36 points.
The early surge in Indian equities reflects investor optimism over improving US-India trade dynamics.
As negotiations unfold and global cues remain supportive, markets are likely to maintain their upward momentum in the short term.
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