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Key Points

The Indian stock market closed higher, continuing its positive momentum. Gains were driven by optimism surrounding the India-US trade deal and potential GST rationalization. The IT sector was a standout performer, buoyed by expectations of a Fed rate cut. Broader market indices also ended the session in positive territory.

Key Points: India Stock Market Rises on US Trade Deal and GST Optimism

  • Sensex closed at 81,425.15, gaining 323 points or 0.43%
  • Nifty 50 ended at 24,973.10, up 104.50 points or 0.42%
  • IT index surged 2.63% on Fed rate cut hopes and tech spending revival
  • Broader markets followed with midcap and smallcap indices also closing higher
2 min read

Stock market ends higher over US-India trade deal optimism

Sensex and Nifty gain as optimism around the India-US trade deal and GST rationalization boosts market sentiment. IT and FMCG stocks lead the rally.

"Renewed optimism around ongoing trade negotiations between India and the US lifted market sentiment. - Analysts"

Mumbai, Sep 10

The Indian equity indices settled the session in positive territory on Wednesday, continuing the positive momentum buoyed by optimism around the India-US trade deal and GST rationalisation.

Sensex ended the session at 81,425.15, up 323 points or 0.43 per cent. The 30-share index opened with a decent gap-up at 81,504.36 against the last session's closing price of 81,101.32 amid buying in IT and FMCG stocks. The index hit an intra-day high at 81,643.88.

Nifty closed at 24,973.10, up 104.50 points or 0.42 per cent.

"Renewed optimism around ongoing trade negotiations between India and the US lifted market sentiment. Anticipation of stronger H2 FY26 earnings, driven by GST rationalisation and the benefits of monetary easing, is providing resilience to valuations," said analysts.

The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India-US trade talks for signals of a constructive resolution to tariff-related issues, he added.

BEL, HCL Tech, Bajaj Finance, Axis Bank, TCS, Tech Mahindra, Infosys, SBIN, L&T, Adani Ports, ITC, Bajaj FinServ and Kotak Bank were the top gainers from the Sensex basket. While Mahindra and Mahindra, Maruti Suzuki, Tata Motors, Ultratech Cement, Eternal, and PowerGrid settled in negative territory.

The majority of sectoral indices ended the session on a positive note. Nifty Fin Services jumped 161.80 points or 0.62 per cent, Nifty Bank escalated 319 points or 0.59 per cent, Nifty FMCG surged 359 points or 0.64 per cent, and Nifty IT soared 927 points or 2.63 per cent. Nifty Auto fell 348.55 points or 1.28 per cent amid profit booking.

The broader market followed suit as well. Nifty smallcap 100 moved 130 points or 0.73 per cent, Nifty midcap100 jumped 535 points or 0.93 per cent, and Nifty 100 ended the session 319 points or 0.59 per cent higher.

- IANS

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Reader Comments

P
Priya S
IT sector leading the rally makes sense given the Fed rate cut expectations. But I'm concerned about auto stocks underperforming - hope this is temporary profit booking only.
A
Arjun K
Finally some good news after the recent volatility! Small and midcaps also participating well. This trade deal could really boost exports and create jobs across sectors.
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Michael C
While the optimism is good, let's not forget that trade negotiations can be unpredictable. Retail investors should be cautious and not get carried away by short-term movements.
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Shreya B
GST rationalisation combined with trade deal benefits could really boost manufacturing. Hope the government ensures that small businesses also benefit from these developments! 🙏
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Karthik V
Nifty touching 25k soon? The way IT and banking are performing, we might see new highs before Diwali. Time to review my portfolio allocation! 💰

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