Indian Equity Markets Rally on Trade Deal Optimism and Institutional Flows
Benchmark indices in India opened strong, with the Nifty 50 climbing 0.31% to 25,259.70 and the Sensex rising 0.31% to 82,425.16. The rally was fueled by renewed investor confidence following progress in India-US trade negotiations and sustained buying by institutional investors.
Foreign Institutional Investors turned net buyers with purchases of ₹1,308.16 crore, while Domestic Institutional Investors continued their buying streak with net purchases of ₹864.36 crore. "FIIs were buyers in the cash market in the last three trading days," noted Dr. VK Vijayakumar of Geojit Investments.
Prime Minister Narendra Modi's conversation with US President Donald Trump reaffirmed a shared commitment to advancing the India-US trade pact, according to Prashanth Tapse of Mehta Equities. Commerce Minister Piyush Goyal expressed Optimism for a trade deal by November.