Sensex, Nifty rise on US trade deal hopes

Mumbai

Indian stock markets ended higher on Tuesday, recovering from a weak start after reports of a potential mini trade deal between India and the United States surfaced late Monday. The Sensex closed up 270.01 points (0.32%) at 83,712.51, while the Nifty rose 61.20 points (0.24%) to 25,522.50.

Initial market pressure stemmed from concerns over fresh tariff measures announced by US President Donald Trump. However, gains in financial stocks, especially Kotak Bank—which jumped over 3% on a strong Q1 update—supported the recovery. Meanwhile, Titan was the top Nifty loser, falling 6% after weaker-than-expected jewellery business growth.

VLA Ambala, Co-Founder of Stock Market Today, noted that Nifty has stayed within the 25,400–25,500 range for three straight sessions, indicating the market is awaiting a decisive trigger. She added that while the uptrend remains intact, volatility could rise due to fluctuations in crude, gold, and dollar prices.

Sundar Kewat of Ashika Stock Broking highlighted that despite global uncertainty, markets traded sideways. Expert Ajay Bagga emphasized that the delay in the U.S. tariff deadline from July 9 to August 1 offers more room for negotiations with the affected 14 nations, including India. He noted that markets are showing resilience by focusing more on policy outcomes than past volatility.