ET Market Watch: Sensex, Nifty edge up, IT stocks rally as trade talks fuel optimism

Hi, you’re listening to ET Markets Radio, I am your host, Neha Vashishth. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let’s get to it:

Sensex and Nifty closed higher, led by IT and oil & gas stocks. Sensex rose 123 pts, Nifty closed above 25,140. This was mainly due to:
Positive cues from Asia
Progress in U.S.-India-China trade talks
Risk-on mood lifted tech stocks

IT stocks rally for the 6th straight session
Infosys, Tech Mahindra, Wipro, HCL Tech gained up to 3.2%
Reliance and Bajaj Finserv also ended in the green

Financials weigh on gains
Nifty Bank & Financial Services indices slipped 0.3% amid profit booking after the RBI-driven rally

BSE Ltd. shares fell 4%. NSE placed the stock under ASM framework — 100% margin requirement spooked investors

Liquor stocks tumble
Radico Khaitan dropped 3.8%, United Spirits sank 6.6% after Maharashtra raised excise duties

Broader markets snap their winning streaks
Smallcap & Midcap indices fell around 0.5%

Global Markets
US-China negotiators announced a trade framework, but Wall Street remained cautious.
S&P 500 and Nasdaq futures dipped 0.2% in the last session
The MSCI Asia ex-Japan index rose 0.6%

What’s next?
Markets looked ahead to US inflation data due Thursday.