Markets rebound as India-EU trade deal boosts sentiment
Equity indices Sensex and Nifty closed higher with Sensex up 319.78 points to 81,857.48 and Nifty gaining 126.75 points to 25,175.40. Optimism over the India-EU trade deal boosted sentiment despite concerns over muted earnings and foreign capital outflows.
pre-market1 source ↓written by the desknot a recommendation
- 0.39
- 319.78 points
- 0.39
- 81,857.48
- 0.51
- 126.75 points
- 0.51
- 25,175.40
Equity benchmark indices Sensex and Nifty ended higher on Tuesday, with the Sensex rising 319.78 points (0.39%) to 81,857.48 and the Nifty gaining 126.75 points (0.51%) to 25,175.40. Heavy buying in bank and metal stocks was driven by optimism surrounding the India-EU FTA, which is expected to enhance trade relations.
Despite the positive momentum, traders noted that muted corporate earnings and foreign capital outflows limited gains. The finalization of the trade deal is seen as a significant step for Indian equities in the global market.
Not investment advice. For informational purposes only.