FX.co ★ Sensex Enjoys Best Day in Over 9 Months

On Tuesday, India's BSE Sensex continued its strong performance, closing with a 2.5% increase at 83,739, marking the most substantial daily rise since mid-April 2025. This surge in market sentiment followed the much-anticipated finalization of the India-US trade agreement late Monday, which lowered reciprocal tariffs on Indian goods from 25% to 18%. Previously, the tariff structure included both a 25% reciprocal tariff and an additional 25% secondary levy tied to India's procurement of Russian crude oil. There was widespread buying interest, particularly among export-oriented companies, financial stocks, and major index players, who were the primary beneficiaries of this trade agreement. Out of the 30 index stocks, 28 saw gains. Notably, Adani Ports soared by 9.1% after it adjusted its earnings forecast upward due to stronger-than-anticipated growth and the acquisition of an Australian export terminal. Other strong performers included Bajaj Finance, IndiGo, Power Grid, Sun Pharma, Bajaj Finserv, SBI, RIL, L&T, Axis Bank, Titan, and ICICI Bank, all of which rose between 2.7% and 6.6%.