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Indian markets rise on Thursday on prospect of US-India trade deal
NF Times
|July 04, 2025
Indian markets have opened with cautious optimism on Thursday (July 3), spurred by trade negotiations with the US.
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The Sensex and Nifty are modestly up, also led by metal and IT stocks.
Sensex jumped 203 points (0.24%) to 83,612, while the Nifty50 rose about 55 points (0.22%), trading around 25,509 in early deals. This follows yesterday's flat-to-cautiously optimistic trend.
Market sentiment is buoyed by optimism over a potential US-India interim trade deal expected before the July 9 tariff deadline, helping India avoid Trump’s planned 26% tariffs.
Trump himself signaled the deal could be “very close,” with US Treasury Secretary Scott Bessent corroborating progress.
On the sectoral perspective, mid-caps and small-caps each rose about 0.3%, driven by the broad market positivity. The top sectoral gainers today were Nifty IT (up 0.6%), Nifty Metal (up 0.6%) (both boosted by hopes of easing trade tensions.
This story is from the July 04, 2025 edition of NF Times.
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