The stock market made a strong start on Thursday morning. Sensex rose by 787.90 points to 85,214.24 and Nifty rose by 215.30 points to 26,088.50.
The festive rally continues and the market has reached very close to its record high level.
🇮🇳🤝🇺🇸 Market bright with hopes of India-US trade deal – investors’ confidence increased
The enthusiasm of the stock market has increased after the news that it is being said that the long pending trade deal between India and America can now be agreed upon.
According to reports:
America may reduce 50% tariff on Indian exports to 15–16%
Energy and agriculture sectors will be prominent in the deal
India can gradually reduce crude imports from Russia, which is an issue related to America’s strategy.
Experts say that Union Minister Piyush Goyal’s recent meetings with American officials have further strengthened the expectations.
💻💊 Tremendous shine in IT and Pharma sectors – Rise in Infosys, Textile and other stocks
Since IT and pharma companies were most affected by the US tariffs, hopes of a deal led to strong buying in these sectors.
Nifty IT index up ~2%
Infosys up ~3%
Signs of new enthusiasm in textile sector also
Market experts believe that the upcoming buyback of Infosys may further increase the participation of retail investors.
📊 What is the technical chart saying? — Trend strong now
According to analysts:
Nifty is trading near Upper Bollinger Band
Target 26,186 and further till 26,800
Support strong at 25,780
“It is difficult to reverse the trend today” – Expert View
🧐 Can the rally continue further? – The need for cautious optimism
At present the market looks strong, but the direction of the further rally will depend on the following things:
Points supporting the rally Points to be cautious about India-US deal hopes Global geopolitical environment Festive demand Sudden FII selling FII buying and short-covering trade deals delayed Buyback and strong consumption trend International economic data
Experts believe that if positive news continues to be received, the market can make a new record high this year.
In one line for Retail Investor.
Sentiment is positive, rally strong — but follow the trend and with a stop-loss instead of getting caught up in over-excitement.