News

Stock Market Today: Indian equity benchmarks opened with a sharp gap-up on Tuesday as bulls took firm control of Dalal Street after the India-US trade deal was finalised. Buying was broad-based, with investors rushing into heavyweight and cyclical stocks at the opening bell.

The BSE Sensex jumped 2,324.03 points, or 2.85 per cent, to 83,990.49 in early trade, compared with its previous close of 81,666.46. The index opened sharply higher at 85,323.20, signalling strong risk-on sentiment.

The NSE Nifty 50 logged its strongest intraday gain since February 2021. The benchmark opened higher by nearly 1,250 points, or about 5 per cent, at 26,308.05. At 9:16 am, Nifty was trading at 25,800.55, up 712.15 points, or 2.84 per cent.

All the 30 Sensex stocks were trading in the green in early deals. Adani Ports, Bajaj Finance, Eternal, Bajaj Finserv, Reliance Industries, Infosys, Titan, Mahindra & Mahindra, Larsen & Toubro, IndiGo, Sun Pharma, Trent, HCL Tech and Maruti Suzuki were leading the gains, rising between 3 per cent and 6 per cent.

The rally was broad-based across sectors. Nifty Realty surged 4.62 per cent, while Nifty Consumer Durables rose 3.76 per cent. Nifty Auto gained 3.37 per cent and Nifty Financial Services advanced 3.38 per cent. Banking and IT stocks also saw strong buying, with Nifty Bank up 2.63 per cent and Nifty IT higher by 2.42 per cent. Nifty Pharma climbed 3.07 per cent.

The bullish momentum spilled over into the broader market. Mid-cap and small-cap stocks outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 rising more than 3 per cent each. The Nifty 500 index gained 2.86 per cent in early trade.

Market participants said the sharp opening reflects renewed confidence after the India-US deal removed a key uncertainty for Indian assets. Investors will now watch whether the rally sustains through the session amid elevated volatility.