Indian stock markets went up on Tuesday, thanks to strong buying from foreign investors and the possibility of a trade deal with the United States.
The Nifty 50 index increased by 0.28% to reach 24,394.6, and the BSE Sensex climbed 0.29% to 80,445 by 10:03 a.m. IST.
Markets across Asia also moved higher, with the MSCI Asia (excluding Japan) index rising by 0.4%.
U.S. Treasury Secretary Scott Bessent mentioned on Monday that a trade deal with India might be signed within the next week, boosting investor confidence.
Kranthi Bathini, an expert at Wealthmills Securities, said, “The possible U.S.-India trade deal is a good sign and could bring in more foreign investment into Indian stocks.”
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In fact, foreign portfolio investors (FPIs) have invested $4.1 billion into Indian markets over the last nine days—the longest buying streak since July 2023. The Nifty index has gone up 6.6% during this time.
Investors also ignored recent tensions between India and Pakistan, including Pakistan’s defense minister’s warning of a possible Indian military action after a militant attack in Kashmir.
Meanwhile, mid-cap stocks rose 1.1%, and small-cap stocks went up 1.3%.
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Some companies saw big gains:
- Samvardhana Motherson and Sona BLW went up by 3% each.
- Bharat Forge increased by 2.5%, after news that the U.S. plans to ease auto tariffs.
- Reliance Industries, a major player in the market, rose by 1.4%, continuing its rally after strong quarterly results pushed the stock up 5.3% on Monday.
Overall, the market was strong due to positive global signals and solid investor interest.
