Share Market Update: The Nifty 50 index closed at 25,062.10 today, registering a significant 1.60% increase. The BSE Sensex also surged by 1,200 points, reaching 82,530.74, reflecting a robust 1.48% growth.
Share Market Analysis: The Indian stock market witnessed considerable volatility during Thursday's trading session. The market opened in the red, with the Sensex plunging 368 points (0.45%) to 80,962 at 9:39 AM. Simultaneously, the Nifty traded at 24,568, down 98 points (0.40%).
Nifty Crosses 25,000 – A Remarkable Record
The Indian stock market displayed a b rally in the afternoon, with the Nifty 50 surging 432 points (1.75%) to surpass the crucial 25,099 level. Concurrently, the BSE Sensex climbed 1,366 points (1.68%), entering the 82,697 range. This marks the first time the Nifty has crossed 25,000 during trading since October 17, 2024.
At the close of trading, the Nifty 50 ended with a gain of approximately 400 points (1.60%), settling at 25,062.10, while the BSE Sensex concluded with a 1,200-point increase (1.48%), closing at 82,530.74.
Key Drivers Behind the Rally
The robust market surge today was driven by the excellent performance of the financial, technology, and automotive sectors. Furthermore, a statement by US President Trump, offering zero tariffs on Indian imports to the US, also boosted market sentiment.
According to an ET report, sectoral performance saw Nifty Financials up 1.3%, Automotive up 1.9%, IT sector up 1.2%, and the Metal sector up 1.7%. Mid-cap and small-cap shares also registered an approximate 0.7% growth.
Impact of the India-US Tariff Deal
US President Trump stated in Doha that India has offered to remove import duties on US goods, although official confirmation from India is yet to be received.
Trump had also mentioned in Michigan that tariff negotiations with India were progressing well and a deal was imminent. According to a Reuters report, India has proposed reducing its tariff gap with the US from approximately 13% to below 4%, a significant step towards harmonizing trade policies between the two nations.
Significant Increase in Market Capitalization
This rally led to an increase of approximately ₹5.05 lakh crore in the total market capitalization of BSE-listed companies, reaching ₹439.94 lakh crore.
