Sensex Surges 850 Points as Trump Withdraws Greenland Tariffs: Nifty Hits 25,400 Amid India-US Trade Buzz

Digital Desk

Sensex skyrockets 850 points, Nifty up 250 as Trump scraps Greenland tariffs and hints at India-US trade deal. Zomato surges 7%—key reasons for today's stock market rally.

Indian benchmark indices opened sharply higher today, fueled by positive global cues and a surprise U-turn by US President Donald Trump on Greenland tariffs. Sensex today jumped 850 points to trade at 82,750, while Nifty today climbed 250 points to 25,400. After three days of losses, this stock market rally signals renewed investor confidence.

Out of 30 Sensex stocks, 28 advanced, with only two in the red. Zomato shares surged 7%, Asian Paints and SBI gained up to 4%. The rebound comes amid mixed global trading, making Sensex today a hot topic for traders.

Key Triggers Behind the Surge

Trump's policy shift stole the spotlight. He withdrew threats of tariffs on multiple countries over Greenland, announcing an outline agreement with NATO. Proposed duties set for February 1 are now off the table, easing global trade fears.

Adding to the optimism, Trump hinted at a "good deal" on India-US trade deal, boosting sentiment for Indian exports. Investors see this as a green light amid ongoing US-India negotiations.

Global markets also played a role:

US indices rallied Wednesday: Dow up 1.21% at 49,077, Nasdaq +1.18%, S&P 500 +1.16%.
Asia mixed: Korea's KOSPI +1.87% at 5,001, Japan's Nikkei +1.77% at 53,706; Hang Seng -0.15%, Shanghai -0.15%.

FIIs Sell, DIIs Buy: The Support Story

Despite yesterday's dip—Sensex closed down 270 points at 81,909, Nifty off 75 at 25,157—domestic players stepped up. On January 21, FIIs offloaded ₹1,788 crore, but DIIs absorbed ₹4,520 crore.

This pattern echoes December 2025: FIIs dumped ₹34,350 crore, while DIIs bought ₹79,620 crore, steadying the market.

Why This Matters Now

In 2026's volatile geo-political landscape, Trump's Trump Greenland tariffs reversal reduces uncertainty for India, a key US partner. With elections looming globally and trade wars simmering, this stock market rally offers retail investors a timely entry point. Sectors like IT, banking, and consumer stocks (hello, Zomato shares) look poised for gains.

Expert Take: "DII resilience and Trump's dovish stance could push Sensex today toward 83,000 soon," says market analyst Rajiv Singh. "Watch FII flows next."