Indian equities opened Wednesday on a strong note as investors reacted to fresh updates on international trade relations. The BSE Sensex rose 358 points, climbing to 81,460, while the NSE Nifty50 edged past 24,950 to reach 24,977.
Tech giants led the charge with TCS, HCL Tech, Tech Mahindra, BEL, L&T, Infosys, Kotak Bank, and Adani Ports each gaining over 1%. The market sentiment was boosted by global cues and positive investor confidence.
Earlier, former US President Donald Trump shared on Truth Social that the US and India would resume negotiations to resolve trade barriers. He also expressed eagerness to speak with Prime Minister Narendra Modi, signaling potential diplomatic and economic developments.
Trump’s posts also included a push for the European Union to levy tariffs on India and China to increase pressure on Russia. These statements reverberated in international markets, highlighting the impact of geopolitical developments on equities.
In domestic indices beyond the headline Sensex and Nifty, the Nifty MidCap index rose 0.85%, reflecting strength in mid-sized companies. The Nifty SmallCap index added 0.77%, showing confidence among smaller market players.
Sectoral movements saw Nifty IT as the top gainer, up 1.12%. Nifty Realty advanced 0.9%, while Nifty PSU Bank recorded a 0.7% gain, showing broad-based market participation.
Asian markets opened higher as investors awaited China’s August CPI and PPI data. The CSI 300 in mainland China climbed 0.27%, Hong Kong’s Hang Seng rose 0.39%, and Japan’s Nikkei added 0.21%, reflecting a generally positive Asian market sentiment.
South Korea’s KOSPI stood out with a jump of 1.3%, indicating robust market activity in the region. Investors were attentive to upcoming economic data and its potential impact on regional equities.
Across the Pacific, Wall Street closed at record highs with optimism around an expected interest rate cut by the US Federal Reserve. The Dow Jones gained 0.43%, the S&P 500 advanced 0.27%, and the Nasdaq rose 0.37%, signaling investor confidence in the US economy.
Market participants are now focused on the US PPI data for August, which is expected later in the day. Analysts suggest that this data could offer insights into the Fed’s next steps regarding interest rate adjustments.
Investors in India are carefully watching these global signals as they weigh their domestic investment decisions. With IT and banking stocks leading the gains, market momentum appears well-supported by strong fundamentals and positive news flow.
Avanti Feeds recorded a notable spike of 9%, highlighting the market’s appetite for select high-performing stocks. Such movements often encourage broader market optimism and active trading.
Overall, the Sensex surge above 81,400 and Nifty crossing 24,950 reflects robust buying interest and confidence in market stability. Traders are balancing domestic developments with global cues to navigate the current investment landscape.
Short-term volatility is expected as geopolitical events and economic data continue to influence market sentiment. Investors are advised to track sector-specific performance and global trends closely.
The Indian equity market appears positioned for continued activity as traders and institutions adjust to evolving international and domestic factors. Market attention remains focused on key sectors and upcoming economic indicators, keeping the trading environment dynamic.