- Sensex and Nifty see robust gains, led by IT, auto, and realty sectors.
- Trump hints at easing tariffs and supports Fed Chair Powell, lifting global sentiment.
- HCL Tech, Infosys, and Tech Mahindra shine on strong earnings and guidance.
Indian markets opened on a strong note today. The benchmark indices Sensex and Nifty rallied on improved global cues. Positive momentum came primarily from the IT sector. HCL Technologies led the rally after posting better-than-expected Q4 results and providing an optimistic FY26 outlook.
Global markets turned optimistic after U.S. President Donald Trump dialed down threats against Fed Chair Jerome Powell. He also hinted at a more conciliatory approach toward trade tariffs with China.
Markets Rally on U.S.-China Trade Hopes and Fed Stability Signals
The Sensex surged nearly 600 points in early trade, hitting 80,189.65. Meanwhile, the Nifty crossed 24,344 as investors responded to renewed optimism in the global economic environment. HCL Technologies emerged as the day’s top performer, rising over 7%. This reflected strong investor faith in India’s tech earnings season.
The rally was supported by comments from President Trump. He indicated that tariffs on Chinese imports could be reduced significantly, though not eliminated entirely. These remarks revived hopes of a possible de-escalation in U.S.-China trade tensions. These tensions had previously weighed on global markets.
In addition to trade news, Trump’s reassurance that Federal Reserve Chair Jerome Powell would not be dismissed brought relief to markets. This move helped reverse recent declines in the U.S. dollar. The dollar rose against key global currencies, including the yen and the Swiss franc, reinforcing investor trust in U.S. economic leadership.
Meanwhile, in the debt markets, HUDCO announced a ₹2,430 crore fundraising via non-convertible debentures. This signaled continued corporate borrowing activity and confidence in market liquidity. This further underscored the resilience in India’s financial ecosystem amid global uncertainty.
With trade optimism returning and monetary policy fears easing, the Indian stock market finds itself on firmer ground. As earnings season progresses, investor attention is likely to remain centered on strong sectors like IT and auto.
“The markets are moved not by the events themselves, but by how people react to them.” – Paul Tudor Jones
