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Nifty tops 25,200 as hopes rise on India-US trade talks and Fed rate cut
 "Nifty tops 25,200 as hopes rise on India-US trade talks and Fed rate cut")
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The domestic equity benchmarks rallied on Tuesday as optimism grew over India-US trade talks and expectations of a US Federal Reserve rate cut. Investor sentiment strengthened with Brendan Lynch, Assistant US Trade Representative for South and Central Asia, in New Delhi for discussions on tariffs. A breakthrough removing punitive tariffs is seen as a potential boost for Indian markets. Global cues were also positive ahead of the Feds two-day policy meeting ending September 17, with markets pricing in a 25-basis-point cut. The Nifty closed above 25,200, led by gains in auto, realty and IT stocks.
The S&P BSE Sensex rallied 594.95 points or 0.73% to 82,380.69. The Nifty 50 index added 169.90 points or 0.68% to 25,239.10.
Larsen & Toubro (up 2.28%), Mahindra & Mahindra (up 2.22%) and Bharti Airtel (up 1.85%) boosted the indices higher today.
In the broader market, the S&P BSE Mid-Cap index rose 0.62% and the S&P BSE Small-Cap index added 0.66%.
The market breadth was strong. On the BSE, 2,507 shares rose and 1,606 shares fell. A total of 209 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.20% to 10.27.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.02% to 6.493 from the previous close of 6.492.
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