Indian Market Ends Higher As Hopes For India-US Trade Deal Strengthen

The Indian stock market closed in positive territory on Tuesday, lifted by investor expectations surrounding a potential India-US trade agreement.

Despite a cautious start, the Sensex rose 270.01 points or 0.32 per cent to end at 83,712.51.

The index had opened lower at 83,387.03 but climbed to an intra-day high of 83,812.31.

Nifty followed suit, gaining 61.20 points or 0.24 per cent to close at 25,522.50, reflecting investor optimism even as trading remained range-bound throughout the day.

Investors’ sentiments & trade developments

Market analysts attributed the cautious yet positive mood to growing speculation that India and the United States are close to finalising a limited trade pact.

“While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity,” said Vinod Nair, Head of Research at Geojit Financial Services.

He also noted that the US decision to delay the imposition of 25 per cent tariffs on several trading partners led investors to adopt a defensive stance, further limiting gains.

Sectoral performances & top movers

Among the Sensex constituents, Kotak Bank, Adani Ports, NTPC, BEL, Power Grid, Infosys, Tata Motors, and HDFC Bank ended the session in the green.

On the downside, Mahindra & Mahindra, Reliance, Bharti Airtel, TCS, HCL Tech, and Sun Pharma recorded losses.

From the Nifty50 pack, 27 stocks advanced while 23 declined.

Broader market performance was mixed: the Nifty 100 index gained, while both Nifty Midcap 100 and Nifty Smallcap 100 ended lower.

Most sectoral indices posted gains. Nifty Financial Services rose by 0.68 per cent, Nifty Bank by 0.54 per cent, and Nifty IT by 0.30 per cent.

Rupak De of LKP Securities noted a bullish shift on the charts.

“Nifty formed a green candle following a hammer and doji pattern, which typically indicates a possible upward trend,” he explained.

He further added that support lies at 25,400, while resistance can be expected around 25,600 to 25,800.

The Indian rupee also ended on a strong note, appreciating by 0.20 rupees or 0.23 per cent to close at 85.65.

Analysts attributed the gains to softening crude prices and easing foreign institutional investor (FII) selling pressure.

The rupee is likely to remain stable in the near term, trading within a range of 85.25 to 86.00, analysts projected.

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