NewKerala.com

Sensex, Nifty Surge: How Modi-Trump Talks Fuel Trade Deal Hopes

Indian stock markets opened with strong gains on Friday. The rally was fueled by a global market upswing and rising hopes for an India-US trade deal. A recent conversation between Prime Minister Modi and President Trump further strengthened positive sentiment. Major indices like Sensex and Nifty, along with broader markets, all traded higher.

Key Points: Sensex Nifty Rally on India-US Trade Deal Optimism

  • Sensex jumped 391 points at open, climbing to 85,209 on strong global cues
  • Nifty gained 112 points, supported by gains in metal and realty sectors
  • Modi-Trump phone call discussing economic ties boosted investor optimism
  • Broader markets also rose, with midcap and smallcap indices showing strength
2 min read

Sensex, Nifty open higher on hopes of India-US trade deal

Indian markets open higher as Sensex gains 391 points amid optimism from Modi-Trump talks and hopes for a finalized India-US trade agreement.

"The market mood remained upbeat, supported by global cues and expectations of progress on the trade front. - Analysts"

Mumbai, Dec 12

Indian stock markets opened on a strong note on Friday, taking cues from a global market rally and rising optimism that an India–US trade deal may soon be finalised.

The positive sentiment strengthened further after Prime Minister Narendra Modi spoke with US President Donald Trump on Thursday, with both leaders discussing ways to boost economic ties as officials continue negotiations on a trade agreement.

At the opening bell, the Sensex climbed 391 points or 0.46 per cent to reach 85,209. The Nifty also moved higher, gaining 112 points or 0.43 per cent to trade at 26,010.

Several major stocks supported the market’s upward momentum, with L&T, Hindalco, Tata Steel, Ultratech Cement, Adani Ports, Bajaj Finance, BEL, NTPC, Axis Bank, Maruti Suzuki India and Power Grid among the top gainers.

However, some shares saw profit booking, leading to declines in Wipro, Sun Pharma, HDFC Life, HUL, Eicher Motors, Infosys, and Tech Mahindra.

Broader markets also showed strength, as the Nifty MidCap index rose 0.42 per cent and the Nifty SmallCap index added 0.54 per cent.

Sector-wise, the Nifty Metal index emerged as the best performer with a 1.44 per cent jump, boosted by strong buying interest.

This was followed by gains in Nifty Realty, Nifty Media, Nifty Private Bank, and Nifty Financial Services. In contrast, the Nifty FMCG index was the only sector trading in the red, showing a slight decline.

Analysts said that the market mood remained upbeat, supported by global cues and expectations of progress on the trade front between India and the United States.

- IANS

Share this article:

Reader Comments

P
Priya S
Good to see the markets reacting positively. But let's be real, how much of this will translate to better jobs and salaries for the common person? The gains often stay with big investors. I'll celebrate when I see ground-level impact.
R
Rohit P
Finally some good news after all the volatility! My SIPs in Nifty index funds are smiling today. Hope the deal addresses the visa issues for our IT professionals too. That would be a massive win.
S
Sarah B
Watching from the US. A fair trade deal is long overdue. Both economies have so much to gain. Hope it leads to more stable supply chains and innovation partnerships beyond just the headlines.
V
Vikram M
The FMCG sector being in the red is interesting. Maybe investors are shifting to cyclical stocks expecting an industrial boom from the deal? Smart money is moving. Time to review my portfolio.
K
Kavya N
As a small business owner, I really hope the deal includes easier norms for exports. The paperwork and duties are a nightmare. A simplified process would mean more 'Make in India' products reaching the US market.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50