Monday’s trade session delivered solid gains for Indian benchmarks, with the Sensex advancing 485.35 points or 0.58% to close at 84,065.75. Nifty mirrored the strength, up 173.60 points or 0.68% at 25,867.30, as trade deal euphoria gripped investors.
Key sectors such as consumer durables, PSU banks, real estate, defence, metals, pharma, and healthcare all closed higher, contributing to the day’s upbeat close.
Leading the Sensex gainers were State Bank of India, Titan, Tata Steel, UltraTech Cement, Eternal, BEL, Kotak Mahindra Bank, Trent, IndiGo, M&M, L&T, Adani Ports, and Asian Paints, which benefited from positive sector flows.
Losers included Power Grid, ITC, NTPC, ICICI Bank, Infosys, HDFC Bank, Tech Mahindra, and Maruti Suzuki, where caution prevailed.
At the heart of the rally was the India-US joint statement slashing export tariffs from 50% to 18%, with several categories duty-free. Released Sunday, this pact enhances competitiveness for Indian goods in the vast US market.
Mid and smallcaps stole the show, with Nifty Midcap 100 up 938.45 points (1.58%) to 60,441.15 and Nifty Smallcap 100 jumping 447.25 points (2.64%) to 17,385.90.
Expert commentary from Sudeep Shah of SBI Securities: ‘Strong open, early pullback, then range-bound action led to Nifty close at 25,867. Resistance zone: 25,970-26,000. Upside potential to 26,200-26,400; support 25,780-25,750.’
As this trade breakthrough unfolds, it could catalyze a new leg up for equities, reinforcing India’s position in global trade dynamics.