Indian Markets Rally on India-US Trade Deal Amid Q3 Earnings Focus

Indian stock markets surged sharply following the announcement of a landmark India-US trade deal, with the Sensex rising over 2,000 points and the Nifty gaining around 2.5%. This rally signals a potential near-term trend reversal after a Budget-related sell-off. Investors are focusing on third-quarter earnings from companies like Bajaj Finance, Trent, BPCL, Tata Power, and Nazara Tech. BPCL raised its capital expenditure plans by 35%, while Bajaj Finance reported a 6% year-on-year profit decline due to exceptional charges. Market optimism is supported by easing trade risks and sustained domestic capex momentum.