Global cues firm, banks and PSU stocks lead broad-based market rally
Indian equity benchmarks staged a strong rebound on Thursday, snapping a three-day losing streak as easing global tensions and upbeat signals on India–US trade ties lifted investor sentiment. The Sensex surged more than 700 points in early trade, while the Nifty50 climbed past the 25,300 mark, tracking gains across global markets. Buying was broad-based, with banking, PSU banks, autos, metals, and pharma stocks leading the rally.
Markets reacted positively after Donald Trump expressed confidence about the future of India–US trade relations. In comments reported by Moneycontrol, Trump praised Narendra Modi, signalling optimism on a bilateral trade deal and saying the two sides would “have a good deal.”
The remarks came alongside easing geopolitical worries, after Trump indicated he would not impose previously threatened tariffs on several European countries.
Asian markets traded mostly higher, with Japan and South Korea posting solid gains. Overnight, US equities closed firmly in the green, providing a supportive backdrop for domestic stocks.
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