Sensex, Nifty Open Up 1% on Trump's Tariff Easing

Indian stock market benchmarks Sensex and Nifty opened higher by nearly 1 percent on Thursday, January 22, 2026, in Mumbai, buoyed by improved global sentiment following U.S. President Donald Trump's decision to ease threats of trade tariffs on Europe and back away from forceful annexation plans for Greenland.

The 30-share BSE Sensex climbed 774 points, or 0.94 percent, to 82,683.67 in early trade, while the broader 50-share NSE Nifty advanced 234 points, or 0.93 percent, to 25,391.35. By mid-morning, the indices had moderated slightly but remained in positive territory, with the Sensex at 82,423 and the Nifty at 25,312 around 9:18 a.m. Among Sensex components, Tata Steel, Adani Ports, Asian Paints, Bharat Electronics, State Bank of India, Sun Pharmaceuticals, Kotak Mahindra Bank, Eicher Motors, Trent, Mahindra & Mahindra, and Bajaj Finserv posted gains ranging from 1 percent to over 6 percent. ICICI Bank traded marginally lower, bucking the trend.

The rally stemmed from Trump's remarks at the World Economic Forum in Davos on Wednesday, where he announced a framework for a future deal on Greenland instead of pursuing annexation by force. More critically for markets, he signaled...