– Sensex jumped 2400 points, Nifty crossed 25700

Mumbai . The Indian stock market started with a strong rise on Tuesday amid the strength in Asian markets. As soon as the long pending trade deal between India and America was officially announced, the confidence of investors strengthened and tremendous buying was seen in the market. US President Donald Trump on Monday announced the much-awaited trade agreement with India, under which the reciprocal tariff on Indian goods has been reduced from 25 percent to 18 percent. The 30-share BSE Sensex opened with a strong gain at 85,323 points.

The pace of early trading became more brisk. At 9:22 am, the Sensex was trading at 84,158.52 points, up 2,492.06 points. At the same time, Nifty-50 of National Stock Exchange also opened with a strong rise at 26,308 points. At 9:23 am it was seen trading at 25,849.10 points with a gain of 760.70 points. Prosenjit Paul, equity research analyst at Paul Asset and fund manager of 129 Wealth Fund, said that this historic trade agreement between India and America eliminates the uncertainty surrounding the Indian stock market to a great extent. This has brought about a clear change in the thinking of global investors. The environment has now become positive again for the foreign investors who had kept distance from the Indian market due to the fear of increasing tariffs. According to experts, export-based sectors like IT services, textile industry and auto parts will benefit the most from this agreement.

These are the sectors which were earlier preparing for higher tariffs, but now getting relief may improve their earnings and competitiveness. US President Donald Trump on Monday announced the much-awaited trade agreement with India. Under this agreement, the reciprocal tariff imposed on Indian goods has been reduced from 25 percent to 18 percent. Many major sectors can benefit from this decision. These include textiles and apparel, auto parts and engineering, specialty chemicals, agriculture and seafood exports, and select electronics and consumer manufacturers with a US presence. US President Donald Trump on Monday announced the much-awaited trade agreement with India. Under this agreement, the reciprocal tariff imposed on Indian goods has been reduced from 25 percent to 18 percent. Many major sectors can benefit from this decision.

These include textiles and apparel, auto parts and engineering, specialty chemicals, agriculture and seafood exports, and select electronics and consumer manufacturers with a US presence. There has been a strong increase in the wealth of investors due to the strong rise in the market after the announcement of the trade deal. The market cap of companies listed on BSE increased to Rs 4,66,96,845 crore. Whereas after the market closed on Monday it was Rs 45,435,628 lakh crore.