Sensex soars, then slips hard! Dalal Street reacts to explosive India–US trade signals

The Sensex jumped nearly 250 points in the opening hour, while the Nifty advanced 72 points.

However, the Sensex later surrendered its early gains and was trading over 200 points lower around 10:30 am. The Nifty, meanwhile, managed to hold on to marginal gains.

On Monday, the Indian stock market erased losses from the previous week, with benchmark indices ending higher amid optimism surrounding India–US trade talks.

The BSE Sensex climbed 301.93 points to close at 83,878.17, while the NSE Nifty 50 settled at 25,790.25, up 106.95 points or 0.42 per cent.

Markets snapped a losing streak after newly appointed US Ambassador to India, Sergio Gor, offered a positive update on the ongoing India–US trade deal negotiations, describing India as the White House’s most important ally.

Speaking after assuming charge, Gor said there was “no other country more important as an ally than India,” highlighting Washington’s commitment to strengthening bilateral ties.

“Many of you have asked me for an update on the ongoing trade deal negotiations. Both sides continue to actively engage. In fact, the next call on trade will occur tomorrow. India is the world’s largest nation,” Gor said.

“So it’s not an easy task to get this across the finish line, but we are determined to get there. While trade is very important for our relationship, we will continue to work closely together on other critical areas such as security, counter-terrorism, energy, technology, education and health,” he added.