Indian stock markets close higher on eased trade tensions with US

The Nifty50 index also performed strongly, closing above the 25,000 mark at 25,062.10, up 395.20 points or 1.6%. During the day, it traded between 24,494.45 and 25,116.25.

In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 gained 0.70% and 0.54%, respectively. All NSE sectoral indices ended the day in positive territory.

The India VIX, a measure of market volatility, dropped 1.93% to settle at 16.89. Among the sectoral indices, Nifty Auto and Nifty Realty were the top gainers, each rising 1.92%. Other notable gainers included Nifty Metal (1.74%), IT (1.16%), Private Bank (1.09%), Financial Services (1.29%), and Bank Nifty (1.01%).

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