India-US trade deal triggers market rally

Nifty settles at 25,727.55, up 2.55%, while Sensex rises 2.54% to end at 83,739.13 as investors regain confidence

- PADMINI DHRUVARAJ @ Bengaluru

DOMESTIC equity markets ended sharply higher on Tuesday after India and the US finalised a long-awaited trade agreement, lifting investor confidence across sectors. Benchmark Sensex and Nifty 50 closed with gains of nearly 2.5%, their strongest single-session rise in about nine months.

In early trade, markets surged nearly 5% as buying interest was broad-based. By the close, the Nifty settled at 25,727.55, up 2.55%, while the Sensex rose 2.54% to end at 83,739.13. The rally added more than ₹12 lakh crore to investor wealth, taking the total market capitalisation of companies listed on the NSE to ₹465.31 lakh crore.