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Indian Stocks Surge on US-India Trade Deal Optimism and Bihar Poll Predictions
12 Nov
Summary
- Indian markets rally, led by IT and auto stocks
- Nifty Midcap 100 and Nifty Smallcap 100 outperform benchmarks
- Optimism around US-India trade deal and NDA victory in Bihar elections
On November 11, 2025, Indian equities witnessed a strong rally, with the BSE Sensex closing 595.19 points or 0.71% higher at 84,466.51, and the NSE Nifty gaining 180.85 points or 0.70% to settle at 25,875.80. This marked the fourth consecutive session of gains for the Indian markets.
The surge in the markets was driven by optimism surrounding progress in the ongoing US-India trade deal negotiations and positive exit polls suggesting a decisive victory for the NDA coalition in the Bihar assembly elections. Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising 0.79% to 60,902.30 and the Nifty Smallcap 100 gaining 0.82% to 18,250.45.
Leading the gains on the Nifty50 were Asian Paints, which surged 6.58% to close at ₹2,832.00, and Adani Enterprises, which jumped 5.00% to ₹2,485.20. Tech Mahindra, TCS, and HDFC Life also witnessed strong buying interest, gaining between 2.49% and 3.48%.
Analysts attributed the positive sentiment to a combination of factors, including the reopening of the US government, encouraging exit polls in the Bihar elections, and the possibility of tariff reductions and trade expansion between the US and India. However, market participants will closely monitor the upcoming US CPI data and India's October consumer price inflation data for further direction.
