Indian equity indices opened Thursday’s trading session on a higher note. The NSE Nifty 50 rose 73 points or 0.29% to open at 25,397. The BSE Sensex opened 270 points or 0.33% higher at 82,875.
The Bank Nifty opened 385 points or 0.68% higher at 57,184. Similarly, the small and midcap stocks opened the day on a positive note. The Nifty Midcap surged 155 points or 0.26% to open at 59,125.
“Latest comments from the US administration indicate a reduction in the India-US trade tensions and point to the possibility of a US-India trade deal in the next few weeks. China’s tough actions regarding the rare earth magnets have hit the US hard. Therefore, the US is keen on striking a deal with India, with both countries making some concessions. Even though Indian macros are robust and GDP growth pro