ET Market Watch: IT shares lead Sensex surge; Nifty eyes 25,000

Hello, you are listening to ET Markets Radio, I’m your host Neha V Mahajan. Welcome to a recent episode of ET Market Watch — the place we convey you the most recent information from the world of inventory markets each single day. Let’s get to it:

The Sensex climbed 329 factors to 81,635, whereas the Nifty gained 98 factors to shut at 24,968, just under the 25k mark.

The rally was powered by IT shares, with Infosys and TCS leaping almost 3% every after Fed Chair Jerome Powell signaled a potential U.S. price lower in September. Steel shares additionally firmed, supported by a weaker greenback.

Nevertheless, mid- and small-caps gave up features as warning was set in forward of Trump’s 25% tariff on Indian items, efficient August 27.

Consultants say sentiment stays optimistic above 24,800, with the near-term Nifty vary seen at 24,800–25,150.

Globally, Asian markets touched multi-year highs, whereas oil edged up on considerations over Russian provide. The rupee, in the meantime, slipped barely to 87.58 per greenback.