India-EU Trade Deal Boosts Stock Market: Sensex Jumps 600 Points
Share Market
N
News18•28-01-2026, 09:48
India-EU Trade Deal Boosts Stock Market: Sensex Jumps 600 Points
- •Indian stock market opened higher on January 28, with Sensex up 503.32 points (+0.61%) and Nifty crossing 25,250.
- •The India-EU Free Trade Agreement fueled market sentiment, seen as a positive for export-driven sectors and supply-chain diversification.
- •Top Nifty gainers included Axis Bank, ONGC, Trent, Wipro, and Power Grid Corp; top losers were Asian Paints, Tata Consumer, Maruti Suzuki, Eicher Motors, and HCL Tech.
- •Gains may face resistance due to weakening rupee, FPI selling, and geopolitical risks; market focus shifts to the Union Budget.
- •Nifty formed a large bullish candle, closing above the 200-day EMA; key support is 24,950–24,900, resistance at 25,250–25,300.
Why It Matters: India-EU trade deal spurred a significant stock market rally, despite global uncertainties and potential headwinds.
✦
More like this
Loading more articles...
