Equity benchmark indices Sensex and Nifty traded marginally higher on Tuesday in anticipation of a trade deal announcement with the U.S. Asian market rally and foreign fund inflows contributed to the recovery after a weak start. The BSE Sensex was up 86.13 points at 83,526.55, while the Nifty traded 19.75 points higher at 25,481.05.
Major gainers included Kotak Mahindra Bank, Eternal, Bharat Electronics Ltd, Tata Motors, NTPC, and Adani Ports. However, Titan, Mahindra & Mahindra, Sun Pharma, HCL Tech, and Trent were among the laggards. President Donald Trump indicated a potential trade deal with India, amidst tariff letters sent to various countries.
Key highlights:
• Sensex and Nifty trade marginally higher post weak start
• Major gainers: Kotak Mahindra Bank, Tata Motors
• President Trump hints at trade deal with India
• Tariff letters sent to multiple countries
• Markets anticipate formal trade deal announcement
The stock market’s response reflects investor optimism amid trade negotiations.
Source: Business News Today, Latest Finance News | The Hindu