Sensex surges over 700 points as Global cues, US-India trade hopes boost market
Dalal Street opened sharply higher on Thursday as buyers returned after several weak sessions. Positive global cues lifted investor sentiment, driving early gains across sectors.
The S&P BSE Sensex jumped 785.92 points to 82,695.55 by 9:46 am. NSE Nifty50 rose 251.60 points to 25,409.10. Strong buying indicated that investors were ready to take fresh positions after recent uncertainty.
Global cues and US-India trade optimism lift market
Markets surged after Wall Street recovered from Tuesday’s losses. US President Donald Trump ruled out tariffs on European allies and dismissed using force over Greenland. Asian markets, including Japan, South Korea, and Australia, mirrored these gains.
Trump’s comments eased fears of a wider trade conflict, which had dragged global equities lower. Adding to optimism, he hinted at progress in a US-India trade deal. This encouraged domestic investors to step back into equities.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit, said, “Trump’s withdrawal from Greenland threats and the US-Europe tariff pause removes a major overhang on global markets. Coupled with 2 lakh short contracts in the Indian market, short-covering contributed to the relief rally.”
Company earnings also supported the rally. “Some Q3 results faced higher provisions due to the new labour code. However, investors will shrug it off as a one-time impact. Eternal reported strong revenue and profit growth in quick commerce, boosting sentiment,” he added.
Broad-based buying drives markets higher
Buying interest appeared across the Sensex pack. Eternal led the gainers, rising 6.51%. Mahindra & Mahindra added 1.87%, Adani Ports 1.83%, UltraTech Cement 1.26%, and Bharat Electronics 1.06%.
There were almost no early losers. NTPC and Hindustan Unilever remained flat, while Sun Pharma edged up 0.03%. Midcap and small-cap indices also gained, with Nifty Midcap 100 up 1.43% and Nifty Smallcap 100 rising 1.12%.
Sectoral indices traded in green. Nifty Auto gained 1.05%, Financial Services 0.80%, FMCG 0.61%, IT 0.94%, Media 1.47%, Metal 0.85%, Pharma 1.09%, PSU Banks 2.06%, Private Banks 0.79%, Realty 0.64%, and Oil & Gas 0.98%. India VIX fell 3.01%, indicating lower investor fear.
Technical outlook
Anand James, Chief Market Strategist at Geojit, noted that Nifty faces resistance at 25,300 and support near 24,715–24,650. A move above 25,300 could target 25,470–25,580, while consolidation may continue if levels hold.
Events to watch
Investors will track Japan’s trade balance and US GDP data. Domestically, companies like InterGlobe Aviation, Indian Bank, DLF, Bandhan Bank, Aditya Birla Sun Life AMC, Adani Energy Solutions, Adani Total Gas, Cyient, Radico, Syngene, and Tanla will announce Q3 results.
Markets rose on relief over global trade fears, US-India trade optimism, and technical short-covering. Today’s moves will depend on global cues, earnings, and domestic economic data.
