India-US trade deal optimism and other factors fuel the market rebound as the Sensex jumps 1,200 points and the Nifty recovers 25k.

As strong buying in metal, auto, IT, and real estate counters improved investor morale, the equity benchmarks staged a dramatic trend reversal on Thursday, with the Sensex rising about 1,400 points and the Nifty regaining the 25,000-mark for the first time in seven months. The Sensex surged 1,200.18 points, or 1.48 percent, to reach a seven-month high of 82,530.74 after rising for the second day. In the second half of the day, the Sensex surged 1,387.58 points, or 1.7%, to reach a high of 82,718.14. The Nifty reached a seven-month high of 25,062.10 after rising 395.20 points, or 1.6 percent. In the past, on October 17, 2024, the index had closed over 25,000.

The significant increase coincided with a good shift in global indicators and a resurgence of hope for a possible trade agreement between the US and India, with remarks made by US President Donald Trump boosting investor confidence.