Markets hit new milestones! After so long — Nifty closed above 25,000 level while the Sensex ended the day up 455 points at 82,176 – thanks to a solid rally in auto, IT, and defence stocks.
What triggered the rally?
US President Donald Trump paused the 50% tariffs on the EU, easing global trade tensions. That move sent auto stocks soaring — both globally and on Dalal Street.
Top gainers
BEML surged 11.5%, Shilpa Medicare jumped 13%, and Lloyds Enterprises gained over 11%. In the Nifty 50 pack, Bajaj Auto, JSW Steel, and M&M led the charge, while Kotak Bank and UltraTech Cement fell.
Sectoral view
Every major sector ended in the green! Nifty Auto rose 1.14%, IT was up 1.03%, Metal rose 1% and FMCG ended 0.99% higher.
Rupee watch:
The rupee strengthened to 85.08/USD, after touching a 2-week high of 84.79. Gains were capped as the dollar index rebounded.
Global cues: MIXED
Japan’s Nikkei rallied 1%
STOXX 600 in Europe up 1%
But Hong Kong’s Hang Seng fell 1.4%
Crude check:
Oil prices edged up as tariff fears eased:
Brent at $65.17, up 0.6% while US WTI ended at $61.86, up 0.5%. The extension of trade talks eased fears of a slowdown in fuel demand.