ET Market Watch: Markets rally on tariff relief; inside the 540-pt surge on D-Street
Hi, you're listening to ET Markets Radio. I am your host, Neha Vashishth. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:
Global trade diplomacy lifted markets today!
Sensex jumped 540 points, Nifty closed above 25,200, thanks to a tariff-cutting deal between the US and Japan that boosted hopes around India-US trade talks.
Global Rally
Asian stocks surged, Japan's Nikkei soared 3.5%, MSCI Asia ex-Japan up 1.4%.
Europe followed auto stocks zoomed, Stoxx 600 gained 1%.
India Highlights
Back home, HDFC Bank, ICICI Bank rallied for a third day.
IT and financials led the gains.
But realty tanked. Lodha and Oberoi Realty dropped sharply on block deals.
Tata Consumer fell 2%, while Dr Reddy's inched up ahead of earnings.
Technical Check
Nifty's now above the 21-day EMA.
RSI in bullish mode. Target? 25,500. Support? 24,900.
Commodities & Currency
Brent crude held at $68.47.
Rupee steady, closing just shy of 86.50 vs dollar.
Expert Take
Analysts say optimism around India-UK FTA and easing global trade tensions could keep bulls in charge, at least for now.
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