Sensex, Nifty open strong as investors confidence boost on India-US trade deal clarity
The Indian equity markets opened the week with gains on Monday post the India-US interim trade framework and improvements in domestic fundamentals and easing of geopolitical uncertainties.
As of 9.25 am, Sensex added 370 points, or 0.44 per cent, to reach 83,950, and Nifty gained 117 points, or 0.46 per cent to settle at 25,811.
Main broad-cap indices posted strong gains, as the Nifty Midcap 100 added 0.66 per cent, and the Nifty Smallcap 100 edged up 0.85 per cent.
All sectoral indices traded in the green. Most notable gainers were PSU bank, up 2.45 per cent and metals, up 1.56 per cent.
Easing concerns over a potential US–Iran conflict, robust domestic institutional inflows, a stabilising rupee and sustained traction in Budget-led capex themes are adding to the positive momentum.
In Asian markets, China’s Shanghai index added 1.17, and Shenzhen added 2.07 per cent, Japan’s Nikkei gained 4.27 per cent, and Hong Kong’s Hang Seng Index edged up 1.61 per cent. South Korea’s Kospi gained 4.17 per cent.
The US markets ended in the green in the last trading session as Nasdaq gained 2.18 per cent. The S&P 500 added 1.97 per cent, and the Dow Jones added 2.47 per cent.
On February 6, foreign institutional investors (FIIs) net bought equities worth Rs 1,951 crore, while domestic institutional investors (DIIs) were net sellers of equities worth Rs 1,265 crore.
