Stock market today: Nifty50 ends above 24,950; BSE Sensex up over 300 points on hopes of Trump-Modi trade deal talks

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, ended in green on Wednesday on Wednesday, driven by positive sentiment surrounding India-US trade negotiations.The NSE Nifty rose by 104.50 points or 0.42 per cent to 24,973.10. The markets were buoyed by strong performance in IT and capital goods sectors, alongside expectations of US Federal Reserve rate cuts next week.The BSE Sensex advanced 323.83 points or 0.40 per cent to close at 81,425.15, marking its third straight day of gains. During trading, it reached a high of 81,643.88, up by 542.56 points or 0.66 per cent.Amongst Sensex companies, notable gainers included Bharat Electronics, HCL Tech, Bajaj Finance, Axis Bank, Tata Consultancy Services, Tech Mahindra, Infosys and State Bank of India.Conversely, Mahindra & Mahindra, Maruti, Tata Motors and UltraTech Cement experienced declines.US President Donald Trump's statement indicated improving India-US relations, stating he feels "certain" there will be "no difficulty" in reaching a "successful conclusion" in trade talks, expressing eagerness to speak with his "very good friend" Prime Minister Narendra Modi.Trump announced on Truth Social that India and the United States are "continuing negotiations to address the Trade Barriers between our two Nations."He added, "I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!"Prime Minister Modi responded on X on Wednesday, expressing confidence about the negotiations strengthening bilateral partnership.Vinod Nair of Geojit Investments Limited noted that market sentiment improved due to India-US trade talks. He highlighted expectations of stronger H2 FY26 earnings, supported by GST rationalisation and monetary easing benefits.The IT sector continued its strong performance, boosted by anticipated Fed rate cuts and expected increase in technology spending.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)