Indian equity markets closed the session on a higher note, scaling in the later hours of the trade. The Nifty 50 closed the session 0.24% higher at 25,523, and the Sensex ended the day 270 points higher at 83,712.
In line with the overall market sentiments, the Nifty Bank settled over 300 points higher at 57,256.
The BSE Midcap closed the trade on a flat note at 46,748.41. On the other hand, the BSE Smallcap fell more than 90 points or 0.17% to 54,558.
“The Indian equity market remained largely range-bound as investors awaited definitive progress on the India–US trade agreement. While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity. Moreover, the U.S. decision to extend the deadline for implementing 25% tariffs on key trading partners has led investors to adopt a more defensive approach,” said Vinod Nair, Head of Research at Geojit Investments.