Indian equity markets surged sharply on Tuesday after a landmark India–US trade agreement, which cut reciprocal tariffs on Indian goods to 18%, lifted investor sentiment. Both major benchmarks rallied strongly — the BSE Sensex climbed about 2,300 points (≈ 2.8%) to roughly 83,970, while the Nifty 50 jumped around 723 points (≈ 2.9%) to trade above 25,800 in early session trade, reflecting broad-based risk appetite across sectors.

Key Highlights

• Indian equities surged after optimism over the India-US trade deal, boosting investor sentiment across markets.
• The rupee strengthened against the dollar, while gold and silver saw active trading amid global cues.

The Indian rupee also strengthened, gaining ground against the US dollar amid improved market optimism and expectations of fresh foreign fund inflows. Traders saw the currency firming at levels near ₹90.1–₹91.5 per dollar as the deal eased pressure on capital flows after recent volatility.

Also Read: US and India Seal Trade Deal; Tariffs on Indian Goods Cut to 18%

In the precious metals space, gold and silver prices pulled back as traders booked profits and shifted focus to equities. On the Multi Commodity Exchange (MCX), 24-carat gold was trading in the range of about ₹1.47 lakh–₹1.60 lakh per 10 grams, while silver hovered near ₹2.9 lakh–₹3.2 lakh per kilogram in major city benchmarks, showing subdued momentum after recent sharp swings.

Analysts said the combination of the trade deal, firmer rupee and strong stock market performance reflected renewed confidence among domestic and global investors, though they noted bullion prices could remain volatile amid macroeconomic uncertainties and shifting global monetary trends.