• Source:JND
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Stock Market Today: The domestic stock indices Sensex and Nifty were trading in positive territory on Friday after India and the US agreed to complete the first phase of a mutually beneficial ambitious trade deal by this year and set a target of reaching $500 billion in annual bilateral trade by 2030.

Today's rally in the domestic share markets also got a boost from the overnight rally in US markets. The 30-share BSE benchmark index Sensex rose 344.09 points to trade over 76,400 in early trade. Meanwhile, Nifty 50, the index of the top 50 shares on NSE, rose 102.3 points to trade over 23,100.

Among the 30-share Sensex stocks, ICICI Bank, Tech Mahindra, Infosys, HCL Tech, ITC, and Maruti were the top gainers. Sun Pharma, Zomato, Adani Ports, and NTPC were trading in negative territory.

In Asian markets, Seoul, Hong Kong, and Shanghai were in green, while Tokyo market declines. Foreign institutional investors (FIIs) on Thursday invested Rs. 2,789.91 crore worth of equities were sold, according to exchange data.

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In an ambitious move, India and the US have agreed to complete the first phase of a mutually beneficial ambitious trade deal by this year and aim to take annual bilateral trade to $500 billion by 2030, even as President Donald Trump has insisted that Washington will not exempt New Delhi from reciprocal tariffs.

Trade and tariff-related issues were extensively discussed in the meeting between Prime Minister Narendra Modi and Trump. The meeting came just hours after the US President announced a new reciprocal tariff policy for all US trading partners.

Trump and Modi, in a joint media conference with Modi, announced that they have agreed on a deal that will allow India to import more US oil and gas to reduce Washington's trade deficit with New Delhi.

On Thursday, the BSE benchmark Sensex closed 32.11 points, or 0.04 per cent, lower at 76,138.97, while the Nifty fell 13.85 points, or 0.06 per cent, to 23,031.40.

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(With Inputs from PTI)

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