Sensex Tops 84,000, Nifty Near 25,900 in Bullish Start to Week

Indian equity markets opened the week on a strong note, with benchmark indices rallying sharply amid renewed optimism over a temporary trade framework between India and the United States, coupled with encouraging corporate earnings and positive global cues. The BSE Sensex soared 485.35 points to close at 84,065.75 , while the Nifty 50 advanced 173.60 points to end at 25,867.30 , reflecting broad-based buying across market segments.

The recent uptick was primarily driven by an interim trade agreement under which American tariffs on several Indian exports have been lowered from 50% to 18% . This tariff relief boosted exporter confidence and rekindled optimism among foreign institutional investors , who have already started to return funds into Indian markets. Analysts noted that this positive sentiment was further reinforced by supportive trends in other Asian markets.

Sector-wise, public sector banks emerged as the biggest beneficiaries, with State Bank of India leading the gains after reporting strong quarterly performance and robust loan growth prospects. Shriram Finance and Grasim Industries also recorded notable gains, while Titan and Dr. Reddy’s Laboratories contributed to the upside. In contrast, some major stocks lagged; Max Healthcare, Power Grid Corporation, ITC, and private lenders such as ICICI Bank and HDFC Bank saw moderate selling pressure.

Precious metals witnessed a rebound, with gold prices rising to around ₹1,58,000 per 10 grams and silver trading near ₹2,60,000 per kg , signaling renewed safe-haven demand from investors amid global uncertainties.

Market experts cautioned that while the current uptrend is encouraging, investors remain watchful ahead of key economic data releases that could influence direction. Ponmudi R of Enrich Money noted that positive Asian cues supported domestic equities but emphasized that volatility could increase as traders await macroeconomic indicators.

In the earnings space, several high-profile companies are scheduled to announce quarterly results in the coming sessions. Heavyweights such as Hindalco Industries, IRCTC, and Mahindra & Mahindra are expected to report soon. Analysts say earnings surprises could act as short-term catalysts in a market that is highly sensitive to news flow.

Overall, strong performance in banking stocks , renewed investor confidence following tariff concessions, and steady inflows have helped markets recover earlier losses. With precious metals firms and a busy earnings calendar ahead, the near-term outlook remains cautiously optimistic .