Benchmark stock market indices surged late in the day, climbing 1.5% to hit a seven-month high. The rally was driven by improved investor sentiment following President Donald Trump’s remark that India has offered the US a zero-tariff trade deal.
The S&P BSE Sensex jumped 1,200.18 points to close at 82,530.74, while the NSE Nifty50 climbed 395.60 points, settling at 25,062.10.
Aditya Gaggar, Director at Progressive Shares, noted that markets experienced high volatility during the weekly expiry, with sharp swings in both directions.
Tata Motors led the rally with a gain of 4.16%, followed by HCLTech, which rose 3.56%. Adani Ports advanced 2.60%, while Eternal Exports and Maruti Suzuki added 2.36% and 2.17%, respectively, rounding off the top five gainers.
IndusInd Bank was the only Sensex stock to end in the red, slipping slightly by 0.16%. All other index components finished in positive territory, indicating widespread bullish sentiment.