Did Sensex and Nifty Rise Following the India–EU FTA?
Synopsis
In a day marked by volatility, India's Sensex and Nifty ended higher, driven by positive investor sentiment following the finalization of the India–EU Free Trade Agreement and encouraging December-quarter earnings. With key stocks rallying, the market showcased resilience amidst fluctuations.
Key Takeaways
Sensex closed at 82,345, up 487 points.
Nifty ended at 25,343, up 167 points.
Investor sentiment boosted by the India–EU FTA .
Broader indices like Nifty Midcap 100 and Nifty Smallcap 100 outperformed.
Public sector undertakings led the market rally.
Mumbai, Jan 28 (NationPress) The Indian stock market's benchmark indices, Sensex and Nifty, concluded Wednesday's trading session with modest gains, managing to remain positive despite experiencing significant fluctuations throughout the day.
Investor sentiment was positively impacted by the earnings reports for the December quarter and the finalization of the India–European Union Free Trade Agreement.
The Sensex wrapped up at 82,345, climbing by 487 points, or 0.60 percent. During the trading session, the index saw a high of 82,504 and a low of 81,815 as it fluctuated between gains and losses.
The Nifty also closed positively, ending at 25,343, an increase of 167 points, or 0.66 percent.
The index reached an intra-day high of 25,372 and dipped to a low of 25,188 before recovering towards the end of the session.
“Although the index continues to trade beneath its short-term moving averages—suggesting caution in the near term—immediate resistance is anticipated at 25,400–25,450, with a more significant supply zone at 25,600–25,650, in alignment with the 20/50-EMA cluster,” an analyst commented.
Shares of Bharat Electronics Limited surged by 9 percent, emerging as the leading gainer on both the Sensex and Nifty.
Additional stocks contributing to the market's upward trend included ONGC, Coal India, Hindalco, Bajaj Finance, Power Grid, Adani Enterprises, Trent, Mahindra & Mahindra, Cipla, and Shriram Finance.
On the downside, Tata Consumer Products experienced a decline of 4.5 percent. Stocks such as Asian Paints, Maruti Suzuki, Sun Pharma, Max Healthcare, Dr Reddy’s Laboratories, Infosys, and Eicher Motors also closed lower, with losses reaching up to 4.2 percent.
Broader market indices outperformed the benchmarks, with the Nifty Midcap 100 index rising by 1.66 percent, while the Nifty Smallcap 100 gained a stronger 2.26 percent.
From a sectoral perspective, public sector undertakings led the rally, with the Nifty CPSE index soaring by 5 percent, while the Nifty Oil and Gas index increased by 3.4 percent.
The Nifty Metal index rose by 2.3 percent, and the Nifty PSU Bank index climbed by 1.7 percent, contributing to the positive market closure.
"Domestic markets exhibited ongoing optimism, bolstered by the India–EU FTA," stated an expert.
“Broader indices outperformed the benchmarks, driven by strength in Metals, Financials, and Oil & Gas, while FMCG stocks experienced profit-booking as investors shifted towards cyclical sectors,” an analyst concluded.
Point of View
I observe that the Indian stock market continues to demonstrate resilience in the face of volatility. The optimism surrounding the India–EU Free Trade Agreement is a positive development, reflecting a broader trend of recovery and growth in the economic landscape. Our coverage remains committed to delivering timely and accurate financial news to guide our audience's investment decisions.
NationPress
10 May 2026
Frequently Asked Questions
What influenced the rise of Sensex and Nifty?
The rise in Sensex and Nifty was primarily influenced by the finalization of the India–EU Free Trade Agreement and positive earnings reports for the December quarter.
Which stocks were the biggest gainers?
Bharat Electronics Limited was the biggest gainer, with a surge of 9 percent, followed by several other stocks like ONGC and Coal India.
How did broader market indices perform?
Broader market indices outperformed the benchmark indices, with the Nifty Midcap 100 rising by 1.66 percent and the Nifty Smallcap 100 gaining 2.26 percent.
What sectors led the market rally?
Public sector undertakings led the rally, with the Nifty CPSE index jumping by 5 percent, followed by positive performances in the Oil and Gas sector.
Was there any notable decline in stocks?
Yes, Tata Consumer Products fell by 4.5 percent, along with other stocks like Asian Paints and Maruti Suzuki which experienced declines.
