The main indices on Dalal Street surged on Thursday, with the Sensex climbing 760.80 points to 85,187.14 and the Nifty50 rising 218.50 points to 26,087.10 around 9:40 am, slowly inching closer to its all-time high.

The move extends the ongoing festive rally and reflects growing optimism among investors.

INDIA–US TRADE DEAL BOOSTS MARKET SENTIMENT

The rally comes amid reports that India and the United States are nearing a long-awaited trade deal , which could see U.S. tariffs on Indian exports cut from 50% to around 15–16%.

The proposed agreement reportedly focuses on energy and agriculture and may also involve India gradually reducing crude oil imports from Russia, aligning with Washington’s strategic goals.

Gaurav Sharma, Associate Vice President and Head of Research at Globe Capit

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