22.01.202612:00:18UTC+00Sensex Closes on Higher Note

India's BSE Sensex saw a rise of approximately 0.5% to close at 82,307 on Thursday, breaking a three-day losing streak in alignment with a recovery in global markets. This uptick was largely attributed to easing trade and geopolitical tensions between the US and EU. Market confidence received a boost after President Trump announced that tariffs on EU countries were off the table, following the establishment of a “framework for a future deal” with NATO concerning Greenland. Additionally, Trump expressed positive expectations for the India–US Bilateral Trade Agreement, praising Prime Minister Modi as a close ally and anticipating a “good deal.” Meanwhile, Kaja Kallas, the EU Foreign Policy Chief, declared a new commitment between the EU and India to enhance their security and defense partnership. Despite this, investors remained cautious due to persistent foreign outflows and mixed domestic earnings results. Among the top performers were BEL (up 3.8%), Adani Ports (up 2.7%), Tata Steel (up 2.6%), and SBIN (up 2.2%). Conversely, Eternal saw a 2.4% decline as increased competition in the quick-commerce sector overshadowed the positive outlook from its strong third-quarter earnings.