Domestic equity benchmarks opened higher on Thursday as investor sentiment improved after US President Donald Trump rolled back tariff threats against European nations, citing a framework agreement on the Greenland issue.
Positive global cues, along with optimism surrounding a potential India–US trade deal, supported early gains in the market.
The Nifty 50 index opened at 25,344.15, up by 186.65 points or 0.74 per cent, while the BSE Sensex began the session at 82,459.66, gaining 550.03 points or 0.67 per cent.
Market experts said easing global trade tensions acted as a key trigger for the rally.
Ajay Bagga, Banking and Market Expert, told ANI that India benefited from global relief, but additional factors were also driving sentiment.
“India got this global boost, but there was more to come. Speaking to an Indian reporter, Trump praised Prime Minister Modi and spoke of an imminent trade deal with India. That was the catalyst the Indian markets were seeking. Despite persistent FPI selling, the Trump détente with the EU and hopes of an India trade deal are positives driving Indian markets this morning. We need to watch whether this global relief rally sustains and how it impacts India. Asian markets are celebrating the latest Trump pivot as prospects of a US–EU tariff war recede,” Bagga said.
Broader markets also opened firmly in positive territory. On the NSE, the Nifty 100 rose by 0.72 per cent. The Nifty Smallcap 100 gained 0.83 per cent, while the Nifty Midcap 100 advanced over 1.2 per cent.
Sectoral indices reflected broad-based buying. The Nifty Auto index surged 1.29 per cent, Nifty IT rose 0.97 per cent, and Nifty Metal gained 0.62 per cent. Nifty PSU Bank advanced 1.12 per cent, while Nifty Pharma climbed 0.94 per cent. Almost all sectors opened with gains.
On the institutional front, provisional data showed domestic institutional investors (DII) bought equities worth Rs 4,181.74 crore, while foreign institutional investors (FII/FPI) sold shares worth Rs 1,680.25 crore.
In other Asian markets, most indices were trading higher. Japan’s Nikkei 225 jumped 1.95 per cent, Taiwan’s benchmark rose about 2 per cent, and South Korea’s KOSPI gained 1.62 per cent. Hong Kong’s Hang Seng index, however, was marginally lower by 0.16 per cent. (ANI)
