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Equity benchmark indices Sensex and Nifty rose in early trade on Thursday amid growing optimism on the US-India trade deal front.
Fresh foreign fund inflows and buying in IT stocks also boosted the market during early trade.
In early trade, the 30-share BSE Sensex jumped 734.36 points to reach 85,160.70. The 50-share NSE Nifty rose 198.3 points to 26,066.90.
Among Sensex companies, Infosys, HCL Tech, Tech Mahindra, Axis Bank, Hindustan Unilever and Kotak Mahindra Bank were among the gainers.
However, Eternal and Bajaj Finserv lagged behind.
“News of an impending trade agreement between India and the US is doing the rounds in the market circles and the market reaction through Nifty confirms the same. The market rally in the festive season which has already started will enable Nifty to make new record highs.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said, “Corporate earnings are likely to improve given the unprecedented record selling during the last few days. FIIs have become buyers recently and short covering are the factors that could fuel the rally. Obviously, it is the bulls who are in profit!”
In Asian markets, South Korea’s Kospi was trading higher, while Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower.
US markets closed in negative territory on Wednesday.
According to exchange data, foreign institutional investors (FIIs) bought equities worth ₹96.72 crore on Tuesday (October 21, 2025).
“Dalal Street started Samvat 2082 on an enthusiastic note, with Sensex and Nifty gaining for the fifth consecutive day during the mahurat trading session. The mood remains bullish as the US reportedly plans to reduce tariffs on Indian imports to just 15-16% – a game-changing move that could supercharge India’s trade competitiveness and exports,” Prashant Tapase, Senior VP (Research), Mehta Limited, said.
published – October 23, 2025 10:23 am IST
