Taking Stock: Sensex jumps 485 pts, Nifty above 25,850 on India-US trade deal boost

Market Today

• Indian indices rose after India-US interim trade deal cut tariffs to 18 percent
• Sensex rose 485 points, Nifty up 174; midcap and smallcap outperformed.
• All sector indices rose; SBI shares surged 7.5% on strong Q3 profit.

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Indian benchmark indices extended gains from the previous session, supported by positive global cues and broad-based buying across sectors, after the announcement of a interim trade framework with the US that includes a reduction in reciprocal tariffs to 18 percent on several Indian goods.

The market began the session on a strong footing, with the Nifty opening around 25,900. Extended buying pushed the index to an intraday high of 25,922.25; however, selling at higher levels pared some of the gains, but the benchmark comfortably closed above 25,850.

At close, the Sensex was up 485.35 points or 0.58 percent at 84,065.75, and the Nifty was up 173.60 points or 0.68 percent at 25,867.30.

Broader markets outperformed the benchmarks, with the Nifty Midcap index rising 1.6 percent and the Smallcap index jumping 2.6 percent.

Also Read - Revenue grows at fastest pace in eleven quarters; profit growth remains subdued

State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories and Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC and NTPC.

All the sectoral indices ended in the green with media, consumer durables, realty, PSU Bank, pharma, healthcare, metal up 1-3 percent.

Also Read - DIIs overtake FIIs in Nifty50 ownership for the first time

Index	Prices	Change	Change%
Sensex	74,563.92	-1,470.50	-1.93%
Nifty 50	23,151.10	-488.05	-2.06%
Nifty Bank	53,757.85	-1,343.10	-2.44%

Nifty 50 23,151.10 -488.05 (-2.06%)

Fri, Mar 13, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
TATA Cons. Prod	1,083.60	25.80	+2.44%

Biggest Loser	Prices	Change	Change%
Larsen	3,439.00	-280.50	-7.54%

Best Sector	Prices	Change	Change%
Nifty FMCG	47924.15	-265.00	-0.55%

Worst Sector	Prices	Change	Change%
Nifty Metal	11292.50	-571.40	-4.82%

In stock specific actions, State Bank of India share price rose 7.5 percent as Q3 profit rose 24%, Apex Frozen Foods and Avanti Feeds shares rose 7-9 percent on India-US trade deal, diamonds & gemstones stocks jumped on waiving of tariff on exports to the USA, while AXISCADES Technologies shares surged 5 percent on order win from HAL.

HBL Engineering shares fell 2 percent despite Q3 consolidated profit zooming over 3-fold, Force Motors share price added 4.3 percent on acquiring 100 percent equity shares in Veera Tanneries, Patanjali Foods shares up 1 percent after 53.60 lakh shares (1.48% equity) changed hands in block deals, BEML shares rose 9 percent on board approval for Rs 1,500 crore investment for a greenfield rail manufacturing facility.

Also Read - SBI becomes sixth Indian firm to cross Rs 10 lakh crore mcap

More than 140 stocks touched their 52-week highs, including SBI, MRPL, Bank of India, GE Shipping, Bharat Forge, Force Motors, Navin Fluorine, Tata Steel, Adani Ports, APL Apollo, JSW Steel, Jindal Steel, Nykaa, SAIL, among others. Click to View More

Outlook for February 10

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty witnessed a sharp up move on the back of strong global cues on Monday and closed the day higher by 173 points. After opening with an upside gap of 194 points, the market shifted into a consolidation with positive bias for better part of the session. The opening upside gap has been filled partially.

A small red candle was formed on the daily chart with gap up opening. After a massive rally and a consolidation in the early part of February, the market bounced back smartly and sustained above the hurdle of 25800 levels. The opening upside gap of 3rd Feb is still open partially and that has been added with Monday's up gap. This is positive indication and signals a formation of bullish runaway gap, which are normally formed in the middle of uptrend.

The underlying trend of Nifty remains positive. The next upside levels to be watched around 26000 and 26350 in the near term. Immediate support is placed at 25700.

Ajit Mishra – SVP, Research, Religare Broking

Markets traded with strength on Monday and remained firmly in positive territory, supported by encouraging global cues and optimism around an interim India–US trade framework. The benchmark indices opened higher, with the Nifty moving above the 25,800 level in early trade and holding gains through the session to finally close at 25,867.30. Buying interest was widespread, with realty, metal and pharma among the top gainers, while midcap and smallcap segments also posted notable advances, signalling an improvement in risk appetite after the recent bout of weakness.

Investor sentiment was lifted by reports that India and the United States have moved closer to a trade agreement that includes tariff reductions and deeper economic cooperation. This development helped remove a key overhang that had been weighing on markets and triggered fresh buying across sectors. Mixed global cues, along with supportive moves in Asian markets, further reinforced the positive undertone.

The latest move in the index suggests a likely retest of the 26,000 level on the Nifty soon, and a decisive breakout above this zone could open the path toward a new record high. We therefore reiterate a buy-on-dips approach, with emphasis on stock selection based on sectoral strength. Most key sectors, except IT, are participating in the up move, though on a rotational basis, so positions should be aligned accordingly with disciplined risk management.

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