The Indian stock market made a strong comeback after the Diwali break, posting blockbuster gains in early trade today, October 23. The Sensex is trading up nearly 800 points or up 0.89%, while the Nifty climbed over 200 points or 0.8%, trading above 26,000 .

The Nifty Bank index also joined the rally, trading 0.76% higher in early hours.

Let’s take a look at the key reasons behind today’s market surge in today’s trading session-

Optimism over India-US trade talks

Markets are showing early signs of optimism following reports that India and the US may soon finalise a trade agreement. The talks reportedly involve concessions from both sides, with the US potentially reducing tariffs on Indian exports from 50% to around 15–16%.

Strong festival sales and FII buying

Corporate earnings

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