Market Wrap: Sensex jumps 324 points; Nifty 50 tops 24,950, extends rally to day 6 on US-India trade talk hopes – News Air Insight

Indian equities extended their winning streak on Wednesday, with the Nifty notching a sixth consecutive day of gain, after U.S. President Donald Trump said his administration is continuing negotiations to address trade barriers with India, while optimism over potential goods-and-services tax cuts and hopes of a U.S. rate cut further supported sentiment.

The S&P BSE Sensex rose 323.83 points, or 0.4%, to 81,425.15, while the NSE Nifty 50 added 104.50 points, or 0.42%, to close at 24,973.10.

Top Movers

On the 30-stock Sensex, shares of BEL, HCL Technologies, Bajaj Finance, Axis Bank and TCS led gains, rising between 2% and 4.3%.

Broader market indices also advanced, with small-caps up 0.7% and mid-caps adding 0.9%.

The moves came after U.S. President Donald Trump said on Tuesday that his administration is continuing talks to address trade barriers with India and plans to speak with Prime Minister Narendra Modi, raising hopes of a breakthrough after weeks of tensions.

Expectations of a potential U.S. Federal Reserve rate cut next week further lifted IT stocks, with the sector rising 5.5% over the past two sessions.Textile companies, including Welspun Living, Vardhman Textiles, Trident and Arvind, climbed 3.7% to 10% on optimism over a U.S.-India trade deal. Seafood exporters Apex Frozen and Avanti Feed jumped 15.7% and 14.8%, respectively, boosted by both trade optimism and the European Union’s clearance of 102 additional Indian fishery establishments for exports to member countries.

Expert views

Renewed optimism around ongoing trade negotiations between India and the U.S. lifted market sentiment, Vinod Nair, Head of Research at Geojit Investments, adding that the anticipation of stronger H2 FY26 earnings, driven by GST rationalization and the benefits of monetary easing, is providing resilience to valuations.

“The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India–US trade talks for signals of a constructive resolution to tariff-related issues,” said Nair.

In technical terms, the Nifty gained more than 100 points to close at 24,979, extending its recovery as the index held above the 21EMA, said Rupak De, Senior Technical Analyst at LKP Securities.

“RSI has given a bullish crossover above 50, supporting the positive momentum. Going ahead, sustaining above 24,820–24,750 may lead the index towards 25,160 and higher levels, while support remains at 24,820–24,750,” said De.