Market Wrap: Sensex gains 336 pts, Nifty tops 25,690 on U.S. trade talks optimism

Market Overview - The S&P BSE Sensex rose 0.4% to close at 83,871.32, gaining 335.97 points, while the NSE Nifty 50 advanced 0.47%, or 120.60 points, to settle at 25,694.95 [1][11] - The midcaps increased by 0.5%, while smallcaps decreased by 0.2% [4][11] Company Performance - HCL Technologies saw a rise of 1.2% due to optimism surrounding a potential U.S. government reopening, which is expected to positively impact the export-driven sector [2][11] - Vodafone Idea jumped 7.8% after reporting a narrower-than-expected second-quarter loss, attributed to more users migrating to higher-margin 4G and 5G plans [5][11] - Bajaj Finance experienced a decline of 7.4% after cutting its asset growth forecast, citing rising bad loans and increased competition in consumer lending [5][11] Global Market Influence - Global equities increased, driven by relief over the end of the U.S. government shutdown, although concerns about technology valuations limited gains [6][11] - The U.S. Senate approved a deal to end the longest government shutdown, which may lead to the release of key economic data that could affect market volatility [7][11] - On Wall Street, the S&P 500 surged 1.54%, marking its largest daily gain since mid-October, while the Nasdaq rose 2.3%, its strongest advance since May [8][11] Commodity and Currency Movements - Oil prices remained stable, with Brent crude futures rising by 27 cents to $64.33 per barrel, and U.S. West Texas Intermediate gaining 26 cents to $60.39 [9][11] - The Indian rupee appreciated by 16 paise to close at 88.57 against the U.S. dollar, supported by progress on the U.S. government funding bill and optimism regarding a potential U.S.-India trade deal [10][11]