US trade deal: Street shines, FPI return hopes swell
Mumbai, Feb. 4 -- Stock markets broke into a cheer on Tuesday as news of the India-US trade deal lifted a cloud of uncertainty, with the benchmark indices clocking their best gain in eight months.
The Nifty soared at 5% at opening, before ceding some gains to close 2.6% higher at 25,727.55. Meanwhile, the Sensex closed up 2.5% at 83,739.13. The market capitalization of BSE-listed companies surged by Rs.12.06 lakh crore.
Negotiations around the deal have been anything but smooth. While the fine print still matters, its conclusion lifts uncertainty over the rupee, equities, and bond markets. The conclusion of the deal has rekindled hopes that foreign portfolio investors (FIIs), net sellers for most of 2025, could finally return.
The Nifty Mid...
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