<p>Mumbai: Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Friday after India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of Rs 43,42,700 crore ($500 billion) in annual bilateral trade by 2030.</p>.<p>A rally in the US markets overnight also drove the domestic equities higher.</p>.<p>The 30-share BSE benchmark Sensex climbed 344.09 points to 76,483.06 in early trade. The NSE Nifty went up by 102.3 points to 23,133.70.</p>.<p>From the 30-share blue-chip pack, ICICI Bank, HCL Tech, Infosys, ITC, Tech Mahindra and Maruti were among the biggest gainers.</p>.<p>Adani Ports, Zomato, Sun Pharma and NTPC were among the laggards.</p>.<p>In Asian markets, Seoul, Shanghai and Hong Kong traded higher while Tokyo quoted lower.</p>.<p>US markets ended higher on Thursday.</p>.Paytm Money pays Rs 45.5 lakh to settle market norms violation case with SEBI.<p>In an ambitious move, India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 2030 even as President Donald Trump asserted that Washington will not spare New Delhi from reciprocal tariffs.</p>.<p>Issues relating to trade and tariffs figured extensively in a meeting between Prime Minister Narendra Modi and Trump that took place hours after the US President announced a new reciprocal tariff policy for all the trading partners of the US.</p>.<p>At a joint media briefing with Modi, Trump announced that he and Modi agreed on a deal that would facilitate India to import more US oil and gas to bring down Washington's trade deficit with New Delhi.</p>.<p>"Early indications from the Modi-Trump talks are positive from the market perspective. India's willingness to buy more oil & gas from the US can help reduce the trade deficit with the US. Even though Trump is unlikely to back down on reciprocal tariffs, India is treated as a friendly country and the bonhomie between the two leaders augurs well for India," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.</p>.<p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,789.91 crore on Thursday, according to exchange data.</p>.<p>"The oversold market can bounce back in the near-term but a sustained rally is unlikely since the FIIs continue to be on sell mode. Only a decline in dollar and US bond yields will turn the FIIs into buyers. So watch out for this space," Vijayakumar added.</p>.<p>Global oil benchmark Brent crude went up by 0.23 per cent to USD 75.19 a barrel.</p>.<p>The BSE benchmark Sensex dipped 32.11 points or 0.04 per cent to settle at 76,138.97 on Thursday. The Nifty slipped 13.85 points or 0.06 per cent to 23,031.40.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Friday after India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of Rs 43,42,700 crore ($500 billion) in annual bilateral trade by 2030.</p>.<p>A rally in the US markets overnight also drove the domestic equities higher.</p>.<p>The 30-share BSE benchmark Sensex climbed 344.09 points to 76,483.06 in early trade. The NSE Nifty went up by 102.3 points to 23,133.70.</p>.<p>From the 30-share blue-chip pack, ICICI Bank, HCL Tech, Infosys, ITC, Tech Mahindra and Maruti were among the biggest gainers.</p>.<p>Adani Ports, Zomato, Sun Pharma and NTPC were among the laggards.</p>.<p>In Asian markets, Seoul, Shanghai and Hong Kong traded higher while Tokyo quoted lower.</p>.<p>US markets ended higher on Thursday.</p>.Paytm Money pays Rs 45.5 lakh to settle market norms violation case with SEBI.<p>In an ambitious move, India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 2030 even as President Donald Trump asserted that Washington will not spare New Delhi from reciprocal tariffs.</p>.<p>Issues relating to trade and tariffs figured extensively in a meeting between Prime Minister Narendra Modi and Trump that took place hours after the US President announced a new reciprocal tariff policy for all the trading partners of the US.</p>.<p>At a joint media briefing with Modi, Trump announced that he and Modi agreed on a deal that would facilitate India to import more US oil and gas to bring down Washington's trade deficit with New Delhi.</p>.<p>"Early indications from the Modi-Trump talks are positive from the market perspective. India's willingness to buy more oil & gas from the US can help reduce the trade deficit with the US. Even though Trump is unlikely to back down on reciprocal tariffs, India is treated as a friendly country and the bonhomie between the two leaders augurs well for India," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.</p>.<p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,789.91 crore on Thursday, according to exchange data.</p>.<p>"The oversold market can bounce back in the near-term but a sustained rally is unlikely since the FIIs continue to be on sell mode. Only a decline in dollar and US bond yields will turn the FIIs into buyers. So watch out for this space," Vijayakumar added.</p>.<p>Global oil benchmark Brent crude went up by 0.23 per cent to USD 75.19 a barrel.</p>.<p>The BSE benchmark Sensex dipped 32.11 points or 0.04 per cent to settle at 76,138.97 on Thursday. The Nifty slipped 13.85 points or 0.06 per cent to 23,031.40.</p>