The Nifty 50 closed at 25,236, up 188.20 points or 0.75 per cent, while the Sensex settled at 81,857.48, gaining 319.77 points or 0.39 per cent from the previous close.
Markets had opened on a cautious note, tracking mixed global cues, but gradually moved higher through the session as optimism around the India–EU FTA strengthened expectations of improved trade flows, foreign investment, and export-led growth across key sectors.
Buying interest was seen across metal and financial stocks, with the metal index jumping nearly 3 per cent, emerging as the top sectoral gainer of the day. Financials also contributed to the upside, while broader markets outperformed frontline indices.
Among Nifty 50 stocks, Adani Enterprises, Axis Bank, JSW Steel, Adani Ports, and Grasim Industries were the top gainers, while Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, Max Healthcare, and Eternal ended in the red.
Sectorally, barring auto, FMCG, media, and consumer durables, all other indices closed higher. The strength in metals and capital goods stocks reflected optimism around improved trade access and export opportunities following the India–EU FTA signing.
The broader market also saw healthy gains, with the Nifty Midcap and Smallcap indices rising around 0.8 per cent each, indicating improved risk appetite among investors.
Market participants said the formalisation of the India–EU FTA provided a near-term sentiment boost, even as investors remain watchful of global developments, interest rate cues, and upcoming macroeconomic data.
