Indian shares advance on trade deal hopes

Nov 12, 2025, 11:49 GMT+7
By Bharath Rajeswaran
Reuters - Indian shares rose on Wednesday, supported by progress in trade talks with Washington and expectations that the U.S. government shutdown may soon end.
Market sentiment was also boosted as exit polls for elections in the north Indian state of Bihar predicted a victory for India's ruling alliance, analysts said.
The Nifty 50rose 0.63% to 25,857.50, while the BSE Sensexadded 0.67% to 84,443.74 as of 10:05 a.m. IST, after rising about 0.5% in the previous session.
Of the 16 major sectors, 15 advanced. The broader small-capsand mid-capsrose about 0.6% each.
Information technology companies, which earn a significant share of their revenue from the U.S, advanced 1.5%, after gaining 2.8% over the previous two sessions.
"Optimism over a potential India-U.S. trade agreement has boosted market sentiment, which is further supported by expectations of an end to the U.S. government shutdown and a likely U.S. rate cut in December," said Gaurav Garg, research analyst at Lemonn Markets Desk.
Among individual stocks, auto components maker Belrise Industriesclimbed 3% after posting an 82% rise in quarterly profit.
Stock exchange operator BSEjumped 5.5% after reporting a 61% rise in profit in the September quarter, aided by pick-up in index derivative volumes.
Broker Groww's parent Billionbrains Garage Ventureslisted at a premium of 12% in its trading debut after its $754 million IPO was subscribed 17.6 times last week.
Engineering firm Thermaxslid 4% after logging a 39% drop in quarterly profit as an extended monsoon slowed the execution of backlog orders.
Meanwhile, investors awaited India's consumer inflation data later in the day.
According to the median forecast in a Reuters poll of economists, retail inflation is estimated to have plunged to at least a 10-year low in October on sustained drop in food prices.
($1 = 87.8950 Indian rupees)

Sumber : Reuters