Indian stock markets posted strong gains on Monday, with the Sensex and Nifty both surging over 1% during intra-day trading, defying global geopolitical uncertainties. Broader market indices also witnessed robust buying activity. By 1.15 pm, the Sensex had climbed 1,046.5 points to 80,259.03, marking a 1.32% rise. The Nifty was also up nearly 300 points, trading above the 24,300 mark.
Investor sentiment was buoyed by hopes of a potential India-US bilateral trade agreement, solid corporate earnings, and positive global cues. Reports indicated that such a trade deal, if finalized, could make India the first country to avoid reciprocal tariffs with the United States. The agreement is expected to benefit Indian industries such as biotech, AI, telecom equipment, semiconductors, pharmaceuticals, and quantum computing.
Expectations of economic stimulus from China also contributed to a more optimistic global outlook, supporting gains across international markets.
Pharmaceutical stocks were among the top gainers, with the Nifty Pharma Index and NSE Healthcare Index both rising nearly 2% during the session. The sector&rsquo;s performance was strengthened by the absence of further US tariff concerns and a historical trend of strong April returns. Investors are also eyeing upcoming pharma earnings next month.
The market opened on a positive note despite mixed global cues, with early buying in PSU banks and financial services. Foreign institutional investors (FIIs) continued their buying spree for the eighth consecutive session, adding further momentum to the market. So far in April, FIIs have invested over ₹32,000 crore in Indian equities, contributing significantly to the bullish trend.
(with inputs from IANS)
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Sensex and Nifty rise over 1% on positive global cues, pharma gains, and strong FII inflows

Indian Markets Climb Amid Geopolitical Concerns

Sensex and Nifty rise over 1% on positive global cues, pharma gains, and strong FII inflows

April 28, 2025 | 15:33 IST