At 9:40 am, the BSE Sensex was up 160 points or 0.20% at 82,347, while the Nifty50 rose 45 points or 0.20% to 25,110.
Japanese equities led the regional rally, while the MSCI Asia-Pacific index (excluding Japan) climbed 0.7%, reflecting improved investor sentiment following the trade breakthrough.
Adding to the optimism, U.S. and Chinese officials are scheduled to meet in Stockholm next week to discuss extending the August 12 deadline for a bilateral trade agreement, U.S. Treasury Secretary Scott Bessent said.
Easing global trade tensions is seen as a positive trigger for equities, as it reduces uncertainty over global growth and inflation—key concerns that have held the U.S. Federal Reserve back from further rate cuts.
Meanwhile, hopes of an interim trade deal between India and the U.S. ahead of Washington’s August 1 deadline appear to be fading. Talks remain stalled over tariff reductions on agricultural and dairy products, Reuters reported, citing Indian government sources.Among key movers, Tata Motors, Maruti Suzuki, Adani Ports, Eternal, and M&M opened with gains. On the other hand, Titan, SBI, HDFC Bank, and HUL started the session in the red.On the sectoral front, the Nifty Realty index declined over 2%, dragged by Lodha and Oberoi Realty amid block deals in both counters. In contrast, Nifty Auto, Metal, Pharma, and Oil & Gas opened higher.
In the broader market, the Nifty Midcap 100 slipped 0.3%, while the Nifty Smallcap 100 edged down 0.1%.
Among individual stocks, Paytm surged 3.5% in early trade after the company swung to a profit in the June quarter, supported by strong growth in its lending business and effective cost control measures. The firm also said it expects further improvement in earnings going forward.
Experts View
“The 11th new record high for 2025 set by S&P 500 yesterday is an indication of the direction and resilience of equity markets globally. Markets are climbing all walls of worries and valuation concerns have been put on the back burner. In the near-term, this resilience is likely to continue,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit.
“A significant takeaway from the early Q1 results is the improving prospects of banking and digital stocks. In banking the market will be choosy with focus on the high-quality private sector banks, particularly ICICI Bank and HDFC Bank. Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks, which have a long runway of growth. Investor interest in the digital segment will remain high despite the high valuations,” Vijayakumar added.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said, “Nifty’s 5-day DEMA resistance, positioned at 25093, is the short-term resistance. The positional support of the 50-Day DEMA remains well intact at 24943. Looking ahead, 25255 could offer resistance in Nifty.”
