Indian Stock Market Rallies on Hopes of Easing US-India Trade Tensions; Sensex Up 1.77%, Nifty50 Climbs 1.92%

On Friday, the Indian stock market surged, fueled by optimism surrounding potential easing of trade tensions between the US and India. The BSE Sensex jumped 1,310 points, a 1.77% increase, closing at 75,157. The NSE Nifty50 also experienced significant gains, rising 429 points or 1.92% to finish at 22,828. Broader market indices followed suit, with the Nifty Midcap 100 and Smallcap 100 indices increasing by 1.90% and 2.80%, respectively. Tata Steel was among the top performers, rallying approximately 5%. The rally was driven by speculation that the U.S. government might be considering a temporary suspension of tariffs on India, along with 74 other countries. While existing tariffs remain in place, the market reacted positively to the possibility of reduced trade barriers. Market analysts suggest that ongoing negotiations between India and the US, coupled with the 'China+1' strategy amid US-China trade tensions, could further benefit the Indian market.