Jan 27, 2026, 12:04 GMT+7
By Vivek Kumar M and Bharath Rajeswaran
Reuters - India's shares rose in early trade on Tuesday, driven by post-earnings gains in UltraTech Cement and Axis Bank while auto stocks declined on a report that India will slash tariffs on car imports from the EU in a deal that is set to be signed.
The Nifty 50rose 0.47% to 25,166.70 and the BSE Sensexadded 0.37% to 81,844.82 as of 10:29 a.m. IST. The benchmarks fell about 0.4% in opening trades.
Thirteen of the 16 major sectors logged gains. The broader small-capsand mid-capsrose 0.4% each.
Market sentiment got a lift after U.S. Treasury Secretary Scott Bessent signalled that the additional 25% tariffs on India could be rolled back following a sharp cut in Indian imports of Russian oil.
"The comments point to the likelihood of an amicable trade deal with the U.S., while a free trade agreement with the European Union would further strengthen domestic manufacturing for exports," said G. Chokkalingam, founder and head of research at Equinomics Research.
The auto indexfell 1%. Mahindra and Mahindrashed 3.5% while Maruti Suzukilost 2.1%.
The decline comes after a Reuters report over the weekend that New Delhi planned to slash tariffs on cars imported from the European Union to 40% from as high as 110%.
India and the EU have concluded negotiations on a trade deal, which is set to be announced on Tuesday.
Among stocks, UltraTech Cementgained 2.7% and steel maker JSW Steelrose 3.6% after posting higher-than-expected quarterly profit.
Private lender Axis Bankgained 5.2% after reporting a surprise rise in profit.
Adani group stocks advanced on the day, with the flagship Adani Enterprisesand Adani Portsgaining 5% each. They had lost 10.7% and 7.5%, respectively, on Friday.
The conglomerate shed about $12.5 billion in market value on Friday following a U.S. regulator's move to seek court approval to serve summonses on founder Gautam Adani and executive Sagar Adani over alleged fraud and a $265 million bribery scheme.
Adani group has called the allegations "baseless" and said it would seek "all possible legal recourse" to defend itself.
Sumber : Reuters
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