MUMBAI: Indian stock markets opened on a strong note on Friday, taking cues from a global market rally and rising optimism that an India–US trade deal may soon be finalised.
The positive sentiment strengthened further after Prime Minister Narendra Modi spoke with US President Donald Trump on Thursday, with both leaders discussing ways to boost economic ties as officials continue negotiations on a trade agreement.
At the opening bell, the Sensex climbed 391 points or 0.46 per cent to reach 85, 209. The Nifty also moved higher, gaining 112 points or 0.43 per cent to trade at 26, 010.
Commenting on the technical outlook, analysts said that the immediate support now lies around 25, 750–25, 800, and deeper support is positioned near 25, 500.
"On the upside, resistance is expected around 26, 000–26, 050. Sustained trade above 26, 050 may encourage further buying, potentially driving the index toward 26, 300, " experts stated.