Sensex jumps 800 points at open, Nifty climbs past 25,400 as all sectors rally

Sensex surges 813 points, Nifty tops 25,400 as markets rebound on global cues.

After three days of losses, domestic equities opened sharply higher on Thursday, tracking a relief rally in global markets. The BSE Sensex jumped 812.96 points to 82,722.49, while the NSE Nifty rose 255.83 points to 25,402.23, with gains seen across all major sectors. Broader indices also advanced, with small-caps and mid-caps up around 1% each.

The rally follows a rebound in global equities after US President Donald Trump ruled out using force to seize Greenland and dropped plans for new tariffs on European allies, easing fears of a trade war. Asian markets mirrored the optimism, rising about 1%, while Wall Street had climbed overnight. Meanwhile, gold eased after hitting record highs in the previous session.

Trump’s comments also signalled positive developments for India: in an interaction with Moneycontrol, he said the US is “going to have a good deal” with India, hinting at progress on a bilateral trade agreement.

Markets had slipped about 2% over the previous three sessions, weighed down by Trump’s Greenland remarks, concerns over a US-Europe trade war, relentless foreign selling, and lackluster corporate earnings.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said, “In yet another classic TACO (Trump Again Chickens Out), President Trump has withdrawn his threat to ‘annex Greenland by force.’ His assurance to refrain from imposing tariffs on Europe removes the trade-war overhang and sets the stage for short-covering, with around 2 lakh short contracts in the market.”

On the corporate front, Q3 earnings were affected by higher provisions under the new labour code, but analysts see it as a one-time impact. Eternal stood out with better-than-expected revenue and profit growth driven by its quick commerce business.

The combination of easing global tensions and positive domestic results has fueled optimism, setting the tone for a potentially sustained market recovery.