Trade pact lifts market sentiment as Sensex rallies 540 points
The BSE Sensex jumped 0.66% or 539.83 points to settle at 82,726.64 while the NSE Nifty gained 159 points or 0.63% to settle at 25,219.90. The broader markets posted a mixed performance, with the Nifty Midcap 100 advancing 0.34%, while the Small Cap index closed flat.
'Continued advancements in global trade negotiations are expected to alleviate near-term trade tensions and foster greater market stability. While elevated valuations remain a concern, the prevailing market strength indicates potential for near-term earnings recovery,' said Vinod Nair, Head of Research, Geojit Investments Limited.
On the sectoral front, the Realty index underperformed, shedding 2.6%, followed by the Media (-0.9%) and FMCG (-0.5%) indices. In contrast, Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Banks, PSU Banks, and Telecom sectors clocked modest gains in the range of 0.5% to 1%.
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