Sensex jumps 646 points in early trade on optimism over India-EU FTA
The Hindu
Sensex rises 646 points on optimism from the India-EU FTA, with major gains from Axis Bank and Reliance Industries.
Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday (January 28, 2026), extending their previous day's rally, on optimism over India-EU FTA.
The 30-share BSE Sensex jumped 646.49 points to 82,503.97 during initial trade. The 50-share NSE Nifty surged 196.7 points to 25,372.10.
From the 30-Sensex firms, Axis Bank, Reliance Industries, NTPC, Bharat Electronics, ICICI Bank and Bajaj Finance were among the major gainers.
However, Asian Paints dropped nearly 6% after the firm reported a decline of 4.83% in consolidated net profit at ₹1,073.92 crore in the December quarter of FY26 on a year-on-year basis on account of exceptional items as implementation of the new labour code and impairment of loss in a subsidiary.
Maruti, HCL Tech, Kotak Mahindra Bank and State Bank of India were among the other laggards.
India and the European Union on Tuesday (January 27, 2026) sealed a landmark free trade agreement — billed as the "mother of all deals" — to create a market of two billion people with Prime Minister Narendra Modi and the top EU leadership unveiling a transformative five-year agenda to largely leverage trade and defence in protecting the rules-based world order.
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