Markets Open Higher for Second Day as Trump-Japan Trade Deal Lifts Sentiment; Sensex Gains 265 Points, Nifty Nears 25,150

Indian equity benchmarks opened in the green for the second straight session on Wednesday, July 23, 2025, buoyed by upbeat global cues following U.S. President Donald Trump’s announcement of a trade pact with Japan.

The 30-share BSE Sensex rose 265.06 points to start at 82,451.87, while the NSE Nifty 50 added 78.45 points to open at 25,139.35. In the previous session, the Sensex had closed at 82,186.81, and the Nifty at 25,060.90. Broader market indices mirrored the gains, with the BSE Midcap up 0.16% and the BSE Smallcap gaining 0.18% to trade at 55,284.42.

Key Technical Outlook

“For Nifty, immediate support lies at 25,000. A decisive break below 24,900 may trigger sharper declines. Resistance is seen at 25,250, with the next major hurdle between 25,300–25,500,”
— Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Equity Broking

Early Movers

Leading the Sensex gainers were Reliance (+1%), Tata Motors, Infosys, Maruti, and Bharti Airtel. Among the laggards, Eternal (Zomato’s parent) slipped 0.92%, followed by Mahindra & Mahindra and NTPC.

Market Breadth

Out of the total traded stocks in early hours, 1,307 were in the green, 975 declined, and 75 remained unchanged.

Gift Nifty Signals Upbeat Start

Gift Nifty, a key pre-market indicator, opened 42.5 points higher at 25,126.50, compared to its previous close of 25,084.00, suggesting strong market momentum.

Global Markets Rally

Asian markets reacted positively to the U.S.–Japan trade news:

• Nikkei 225: +1,259.73 pts (+3.17%)

• Hang Seng: +283.42 pts (+1.12%)

• Kospi: +5.19 pts

• Shanghai Composite: +26.72 pts (+0.74%)

FIIs and DIIs Activity

• Foreign Institutional Investors (FIIs) sold equities worth ₹3,548 crore (2nd straight session of selling).

• Domestic Institutional Investors (DIIs) continued their buying streak for a 12th consecutive day, investing ₹5,239 crore.

Sectoral Overview

Barring Nifty Realty (-1.43%), all major sectoral indices were in the green:

• Nifty IT: +0.29%

• Nifty Auto: +0.42%

• Nifty Pharma: +0.16%

• Nifty FMCG: +0.19%

The strong opening, driven by global optimism and sector-wide participation, suggests continued bullish sentiment—though technical resistance and FII outflows could temper momentum in the sessions ahead.