Business

Some Cheers ! The Likely Indo-US Trade Deal Lifts NIFTY, Crosses 26,000 Mark For The first Time Since September 2024

Its last 52-week high was 26,277.35. The BSE Sensex also surged, opening at 85,154.15, a gain of 727.81 points or 0.86 per cent, close to its all-time high of 85,478.25 recorded on September 27, 2024.

Posted on

Image : (Purely Representational Purpose Only)

Indian stock markets opened with a strong rally, driven by positive investor sentiment ahead of a likely US-India trade deal. The Nifty 50 index crossed the 26,000 mark for the first time after September 2024, opening at 26,057.20, up 188.60 points or 0.73 per cent.

Its last 52-week high was 26,277.35. The BSE Sensex also surged, opening at 85,154.15, a gain of 727.81 points or 0.86 per cent, close to its all-time high of 85,478.25 recorded on September 27, 2024.
According to media reports , Experts attributed the rally to reports of an imminent meeting between US President Donald Trump and Prime Minister Narendra Modi, along with expectations of a US-India trade deal.
Meanwhile , Deloitte India has  projected India’s economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms.Indian economy grew 7.8 per cent in the April-June quarter of current fiscal.

Deloitte India’s ‘India Economic Outlook’ report forecasts a GDP growth between 6.7 and 6.9 per cent, averaging 6.8 per cent this fiscal year, up by 0.3 percentage points from Deloitte’s previous forecast.

This performance signals not just resilience but a renewed sense of India emerging stronger than most nations.

Related Topics:, , , ,

Most Popular

Exit mobile version