Indian Markets Surge on US-Japan Trade Deal Optimism

Indian stock markets experienced an upswing on Wednesday, as both the Nifty 50 and BSE Sensex indices recorded early gains. This positive trend emerged in the wake of increased investor confidence following a new trade agreement between the United States and Japan.

The Nifty 50 index commenced trading at 25,138.50, reflecting a rise of 77.60 points or 0.31 percent, while the BSE Sensex began at 82,429.66, climbing by 242.85 points or 0.30 percent. Market experts attribute this bullish sentiment to the US-Japan deal that settled tariffs at 15 percent on Japanese goods, alleviating fears of a 25 percent tariff. This development has buoyed morale across Asian markets.

Ajay Bagga, a Banking and Market Expert, told ANI that hopes for a similar US-India agreement could serve as a catalyst for the markets. Despite the price rally, analysts remain cautious. Akshay Chinchalkar from Axis Securities emphasized technical barriers, noting that Nifty failed to uphold gains above a key level. As broader markets showed mixed trends, investor attention shifts towards potential further trade developments.

(With inputs from agencies.)