Indian markets opened sharply higher today, with Sensex climbing 0.31% and Nifty rising 0.33%.
The sharp move was driven by a surprising 7.8% GDP growth for Q1 FY26, beating expectations.
Optimism also surged after a U.S. court deemed most Trump-era tariffs illegal, though they s
tay active until October 14.
All 16 sectors, along with small- and mid-cap indices, delivered gains ranging from 0.5–0.7%.
IT and banking stocks led the charge, underlining renewed investor confidence.
Gift Nifty futures were up, signaling more riding the momentum into today’s se
ssion.
Reliance grabbed attention, hinting at plans to double core profits by 2027 and list
ing Jio.
Adani Power and Torrent Power soared after winning a 2,400 MW coal plant contract in MP.
With automakers poised to report August sales, sentiment remains upbeat.
Prime Minister Modi’s engagements at the SCO summit added geopolitical buoyancy