Domestic equities rallied sharply on Tuesday as the long-awaited India–US trade deal ignited a wave of optimism across frontline stocks. The benchmark indices posted a stellar rise, supported by strong buying in export-linked companies, financials and heavyweight index constituents.
Adani group stocks led the charge. Adani Enterprises surged over 9% to emerge as the top gainer on the Nifty50, while Adani Ports climbed more than 7% as investors priced in stronger trade flows, higher port volumes and improved export competitiveness following the sharp tariff reduction to 18%.
Financial stocks and new-age names also gained momentum. Jio Financial Services jumped over 7%, while Bajaj Finance, Bajaj Finserv and Shriram Finance posted solid gains amid expectations of stronger capital inflows, improved foreign investor sentiment and accelerated short covering.
Index heavyweight Reliance Industries added nearly 4%, lending further support to the broader rally. The stock benefited from improved risk appetite, strength in energy-linked businesses and expectations that a firmer rupee could ease import-related pressures.
Analysts say companies with global exposure, strong balance sheets and sensitivity to export demand have reacted the most to the trade clarity. With the India–US trade overhang removed and Budget 2026 reinforcing a growth-focused outlook, market participants expect momentum in these stocks to continue in the near term, especially if foreign inflows strengthen further.
