Sensex Jumps 400 Points, Nifty Rises as Trade War Eases and FPIs Return
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Summary: India's Sensex and Nifty both surged over 100 points as trade concerns eased and huge liquidity flowed entered the market through FPI.
The trade tensions eased, and investors now have hopes for an India-USA trade deal. The Indian financial markets started on a good note on Tuesday.
The Nifty 50 rose 118.10 points to 24,446.60, while the BSE Sensex climbed more than 400 points to 80,627.85. Notably, the Nifty Bank index rose 492.90 points to 55,925.70.
Foreign portfolio investors (FPIs) were excited about the current prospects, investing $4.1 billion in Indian stocks over the last nine sessions, the longest buying streak since July 2023.
The market was also strengthened by Reliance Industries, which added 1.4% after rising 5.3% the day before on the strength of strong quarterly results.
Despite geopolitical tensions, including recent remarks from Pakistan's defense minister, Indian markets remained resilient, focusing instead on positive economic developments and the potential for strengthened international trade relations.
