US EditionNifty tops 25,200, Sensex gains as India–EU FTA cheers markets
Sensex rose 320 points led by metal and financial stocks after India signed its largest free trade deal with the EU, boosting trade and investment optimism.
- On Tuesday, equity benchmarks ended higher in highly volatile trade as the BSE Sensex settled at 82,084.92, up 0.39%.
- The India–European Union Free Trade Agreement's formalisation on Tuesday provided a near-term sentiment boost, with market participants citing optimism for trade flows, investment, and export growth.
- Buying interest concentrated in metals, where the metal index jumped nearly 3 per cent, while Nifty Midcap and Smallcap indices rose around 0.8 per cent and Adani Ports and Axis Bank were among the biggest gainers.
- Financials also contributed to the upside, helping lift benchmarks during the session, while export-linked metals and capital goods sectors are expected to benefit from improved trade access.
- Announced amid a fractious global environment, the FTA comes with trade disruptions tied to Washington's tariff policy, while U.S. markets rose and Brent crude dipped to $65.49 per barrel.
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Stock Market Updates: While the stock market had been falling for several consecutive days, a recovery was expected. On Tuesday, the India-EU trade deal slightly improved sentiment. This led to a sudden surge in the market.
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