In a buoyant close to the trading week, Indian stock benchmarks delivered a solid performance, fueled by optimistic vibes from India-US trade negotiations.
The BSE Sensex settled at 85,267.66, marking a sharp gain of nearly 450 points, while the NSE Nifty 50 reclaimed the crucial 26,000 mark. This rally comes hot on the heels of positive signals from bilateral talks, giving investors fresh hope for economic ties between the two giants.
The spark? A "warm and engaging conversation" between Prime Minister Narendra Modi and US President Donald Trump, as shared by PM Modi on X (formerly Twitter). In his post, Modi highlighted a review of progress in bilateral relations, emphasizing mutual growth opportunities.
This comes after India's Chief Economic Advisor, V Anantha Nageswaran, announced on Thursday that most trade differences between India and the US have been ironed out. A full trade agreement could be sealed as early as March 2026, potentially unlocking billions in new opportunities for exporters and businesses.
"Both leaders discussed ways to deepen our partnership," Modi's X post read, underscoring the friendly tone that seems to have rippled through Dalal Street.
Traders wasted no time, piling into banking, energy, and auto stocks, which led the charge. Out of the 30 Sensex constituents, 21 ended in the green, while 39 of the Nifty 50 stocks posted gains.
This momentum built on Thursday's solid showing, where the Sensex had already climbed 426 points to close at 84,818, and Nifty added 140 points to end at 25,898. The week's end feels like a victory lap, with domestic investors stepping up as the real heroes amid foreign jitters.
Speaking of which, foreign institutional investors (FIIs) continued their selling spree, offloading shares worth ₹2,020.94 crore on December 11 alone. For December so far (up to the 10th), FIIs have dumped ₹18,491.29 crore.
But fear not – domestic institutional investors (DIIs) have been the market's steadfast backbone, snapping up ₹3,796.07 crore worth on Thursday and a whopping ₹36,101.26 crore this month.
Last November, DIIs bought ₹77,083.78 crore against FII sales of ₹17,500.31 crore. This homegrown support is keeping the bulls in play, proving Indian markets are resilient even in choppy global waters.
Over in Asia, sentiments were mixed but leaning positive. Hong Kong's Hang Seng jumped 1.4% to 25,881.66, Shanghai Composite edged up 0.2% to 3,882.40, and Seoul's Kospi rose 0.7% to 4,138.64. Stateside, December 11 saw the Dow Jones surge 1.34% to 48,704, S&P 500 gain 0.21% at 6,901, though Nasdaq dipped 0.25%.
Adding to the excitement, ICICI Prudential Asset Management Company's much-anticipated IPO kicked off today. Open for bidding until December 16, this ₹10,600 crore offer-for-sale aims to tap into India's booming mutual fund craze.
With assets under management hitting record highs, it's a hot ticket for long-term investors eyeing wealth management growth.
As 2025 wraps up on a high note, eyes are on how these trade winds will shape 2026. Will the Modi-Trump bromance deliver the deal? For now, Indian equities are betting yes – and the numbers don't lie. Stay tuned for Monday's open; with DIIs in the driver's seat, the ride looks set to continue.
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