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Indian stock markets in the green: Global cues and trade deal expectations boost Sensex and Nifty

Indian share markets were opened on an upbeat note today, as a sense of hope existed in the world regarding softening of the trade tensions between China and America. Nifty 50 index jumped by 2.36% to 23,368.35 and the BSE Sensex was up by 2.23% to 76,836.46. The rally took place after there were comments as well as deeds by the American government suggesting relaxation on tariffs and investors feel it is a part of a wider trade deal with China.

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Edited By: Nishika Jha
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Indian share markets started high today, as it was hoped across the globe that China-America trade tensions are easing. Nifty 50 index surged 2.36% to 23,368.35 and BSE Sensex rose 2.23% to 76,836.46. The increase followed after it was said and done by the US government in the form of tariff easing and investors perceive it as being part of a comprehensive China trade agreement.

Indian Markets are keen to retain positives today

Market mood also improved with news that US President Donald Trump was to make further trade concessions, including in semiconductors and electronics industries. Indian Markets are keen to retain positives today. Markets will look to earnings and management guidance through the Trump Policy Uncertainty. India is a strong structural domestic tale, and ought to witness some FPI flows after the Trump Policy gets defined.

Global markets react positively

Global markets welcomed the news of an upcoming trade deal and all Asian, European, and US markets ended up higher on Monday. US tech giants announced gains of over 6% during pre-market hours. Initial temporary tariff-free treatment of necessary consumer and industrial electronics such as semiconductors by US Customs also put some cheer back in the markets. But it was made clear that it's a temporary relief and new semiconductor tariffs could be added next week.

Numbers will still be driving the trend in corporate numbers

Only a few Indian firms reported their March quarter numbers today, including ICICI Lombard General Insurance Company, Indian Renewable Energy Development Agency, GM Breweries, MRP Agro, Hathway Bhawani Cabletel and Datacom, and Delta Industrial Resources. Numbers will still be driving the trend in corporate numbers and impacting the mood in markets.

Performance in Asian markets

The other Asian markets also did better, as Taiwan's Weighted Index increased by 1.6%, South Korea's KOSPI increased by 0.79%, Japan's Nikkei 225 increased by 0.88%, and Hong Kong's Hang Seng Index increased by 0.07%. All these increases are proof of the optimism and positivity of the world towards the trade agreement.

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