Indian stocks rally on US-China trade deal hopes
Indian shares climbed on Monday as investors responded to developments in trade negotiations between Washington and Beijing. The Sensex rose 239 points to 84,450 while the Nifty gained 79 points to reach 25,874, with both indexes advancing about 0.3 percent.
US Treasury Secretary Scott Bessent said on Sunday that proposed 100 percent tariffs on Chinese products were no longer under consideration. China agreed to boost soybean purchases and to postpone limits on rare-earth exports, reducing friction between the world’s two largest economies.
Tata Steel, Bharti Airtel, Tech Mahindra and HDFC Bank led gains with increases reaching 1.4 percent. Infosys, BEL, Kotak Mahindra Bank and Bajaj Finance declined by similar margins as profit-taking emerged at elevated price levels.
The Nifty MidCap index advanced 0.46 percent while the Nifty SmallCap index added 0.23 percent. All sector gauges traded higher, with real estate stocks posting the strongest performance at 1 percent. Analysts noted that festival-season sales and increased private-sector investment supported domestic sentiment.
