Markets opened sharply higher on Thursday morning, with the Sensex rising from its previous close of 84,426.34 to open at 85,154.15, and further climbing 748.83 points (0.89 per cent) to 85,175.17 at 9.50 am. Similarly, the Nifty advanced from its previous close of 25,868.60 to open at 26,057.20, and was last seen up 210.35 points (0.81 per cent) at 26,078.95. The rally was driven by optimism over a potential India–US trade agreement and positive domestic sentiment following the festive break.

The rally was fueled by reports that the US plans to reduce tariffs on Indian imports to 15-16 per cent, a significant reduction that could boost India’s export competitiveness. “The expected deal involves some concessions from both sides. If the reported 15-16 per cent tariffs on Indian exports

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