Stock Market Updates: Sensex Rises Over 250 Points, Nifty Tops 25,300; UltraTech, BEL Jump 2% Each

Sensex Today: The BSE Sensex and NSE Nifty opened higher on Wednesday, supported by optimism over an earlier-than-expected India-US trade deal.

On Tuesday, India and the US agreed to intensify efforts toward reaching a “mutually beneficial” trade agreement after a seven-hour meeting between chief negotiators at Vanijya Bhawan in New Delhi. The talks were led by Brendan Lynch, USTR assistant for South and Central Asia, and Rajesh Agrawal, special secretary in India’s commerce department.

At the opening bell, the Sensex gained around 125 points to start at 82,506 and quickly touched a high of 82,641. The Nifty 50 also firmed up, hitting an intraday high of 25,316 in early trade.

On the technical front, the trend for the Nifty remains strong, with

the index positioned above its key short-term moving averages, according to Devarsh Vakil, Head of Prime Research at HDFC Securities. He sees immediate support around 25,000 and resistance in the 25,420–25,500 range.

Global markets

Across Asia-Pacific, markets were trading lower on Wednesday, mirroring overnight weakness on Wall Street as investors awaited the Fed’s policy outcome. Japan’s Nikkei was flat, while the Topix slipped 0.53 per cent. South Korea’s Kospi and Australia’s ASX 200 were down 0.94 per cent and 0.63 per cent, respectively.

In the US, the S&P 500 shed 0.13 per cent to close at 6,606.76 after briefly hitting a new record high. The Nasdaq Composite eased 0.07 per cent to 22,333.96, while the Dow Jones Industrial Average declined 125.55 points, or 0.27 per cent, to 45,757.90.