📈 Markets Cheer US–India Trade Deal Buzz — BankNifty Hits Record Highs!

Indian markets rallied sharply as sentiment turned upbeat following reports of a US–India trade deal, with reciprocal tariffs reduced to 18% from 25%. The positive global cue propelled BankNifty to a fresh record high, briefly surpassing the 61,000 mark before retracing over 1,000 points from the day’s peak amid profit booking. Broader market participation remained strong, with garment stocks stealing the spotlight. Counters like KPR Mill and Vardhman Textiles (

) surged in double digits on expectations of improved export competitiveness. Overall, optimism around trade, banking strength, and sectoral tailwinds kept market sentiment decisively bullish despite intraday volatility. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.