It’s a festive mood across the markets today. The Nifty is cruising well past the 25,500 mark, up over 1% and the Sensex too has clocked over 800 points gain. The banks have seen a sharp rally intra-day trade. Kotak Mahindra Bank , Axis Bank, Nestle are among the top gainers in trade today. The small and midcaps too see brisk buying ahead of the Diwali week.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments pointed out that “the latest comments from the US administration indicate a reduction in the India-US trade tensions and point to the possibility of a US-India trade deal in the next few weeks. The US-India trade deal will be a big boost to the markets. The low CPI inflation of 1.54% in September and the possibility of FY26 annual inflation declining to 2.6% o

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