The impact of rising expectations regarding the India-US trade agreement is beginning to be seen on the Indian stock market. The market is registering a rise every day. In Thursday’s trading session, Nifty was successful in crossing 26,100 for the first time since September 12, 2024. So Sensex also saw a rise of more than 700 points.
BSE Sensex rose 734.36 points to 85,160.70 points in early trade and NSE Nifty rose 198.3 points to 26,066.90 points.
These stocks won
Among the 30 companies included in the Sensex, shares of Infosys, HCL Tech, Tech Mahindra, Axis Bank, Hindustan Unilever and Kotak Mahindra Bank were among the gainers. However, shares of Eternal and Bajaj Finserv remained in loss. In the Asian markets, South Korea’s Kospi remained in profit while Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were in decline. Earlier on Wednesday, American markets had closed with a decline on Wednesday.
Increasing confidence of foreign investors
Due to the expectation of a trade deal between India and America, the confidence of foreign investors in India is increasing. According to stock market data, foreign institutional investors (FIIs) were buyers on Tuesday and bought shares worth a net Rs 96.72 crore. For the last 8 days, foreign investors have been continuously investing money in the Indian market. Experts believe that the stock market may once again reach a new record.
Rupee also continues to rise
Along with the stock market, the rupee is also rising. The rupee rose 13 paise to 87.80 against the US dollar in early trade. According to experts, the 50 percent tariff imposed by America may come down to 15 percent. The effect of which is visible in the form of rise in rupee. On the other hand, the return of foreign investors has also played an important role in strengthening the rupee. Apart from this, the rise in the stock market is also an important reason.