Markets End on a Strong Note as Sensex, Nifty Surge Over 2.5%!

Domestic equity markets extended their strong momentum through Tuesday’s session, closing sharply higher by the end of trade. The Sensex soared 2,072.67 points (2.54%) to settle at 83,739.13, while the Nifty jumped 639.15 points (2.55%) to close at 25,727.55. Positive global cues and strong buying across sectors supported the rally throughout the day.

On the stock-specific front, Paramount Communications Ltd, Phase Three Ltd, Avalon Technologies Ltd, Indo Count Industries Ltd, and Garware Hi-Tech Films Ltd emerged as top gainers. Meanwhile, Paras Petrofils Ltd, Artemis Medicare Services Ltd, TECIL Chemicals & Hydro Power Ltd, Kamath Hotels (India) Ltd, and MPS Ltd ended the session in the red.

The key driver behind the sharp rally was the trade agreement between US President Donald Trump and Indian Prime Minister Narendra Modi. Under the pact, reciprocal tariffs imposed by the US on Indian goods were reduced from 25% to 18%, which is notably lower than those imposed on China (35%) and Pakistan (19%), boosting investor sentiment.