Stock Market Soars: Nifty, Sensex Rally on Trade Deal Optimism, Global Cues

• Indian equity market snapped a three-day losing streak, with BSE Sensex gaining 397.74 points to 82,307.37 and NSE Nifty rising 132.40 points to 25,289.90.
• Optimism surrounding a potential India-US trade deal, with US President Donald Trump expressing confidence and respect for PM Narendra Modi, fueled market gains.
• Easing geopolitical tensions, as Trump ruled out force for Greenland and dropped new tariffs on Europe, contributed to a global equities rebound.
• Strong global cues saw Asian markets like Japan's Nikkei 225, Taiwan's index, and South Korea's KOSPI surge, tracking an uptick in Wall Street.
• Technical analysis suggests key support levels for Nifty at 25,000/81700 and resistance at 25,300/82600, with a strategy to buy above 25350.

Why It Matters: Indian stock market rallied due to positive global cues, India-US trade deal optimism, and easing geopolitical tensions.