Indian market continued it's upward journey. Nifty goes above 24500 marks.

On May 2, 2025, the Indian stock market experienced a notable surge, with the BSE Sensex climbing over 800 points and the Nifty 50 surpassing the 24,500 mark. Several key factors contributed to this rally:

1. Optimism Over a Potential U.S.-India Trade Deal

Investor sentiment was buoyed by U.S. President Donald Trump's remarks about potential trade agreements with India, South Korea, and Japan. This optimism was further enhanced by U.S. Secretary of State Marco Rubio's indication that China is willing to resume trade talks, improving global risk appetite.

2. Strong Foreign Portfolio Investment (FPI) Inflows

Foreign investors have been actively purchasing Indian equities, marking the longest buying spree since July 2023. Over the past nine trading sessions, FPIs have injected approximately $4.11 billion into the Indian market, driven by India's strong economic outlook and attractive valuations. 

3. Robust Corporate Earnings

Positive quarterly earnings reports from major companies have also fueled market enthusiasm. Notably, Adani Enterprises reported a 752% year-on-year surge in net profit for Q4FY25, primarily due to an exceptional gain. 

4. Strengthening of the Indian Rupee

The Indian rupee has appreciated, reaching its highest level of the year at 84.78 against the U.S. dollar. This rally is attributed to increased portfolio inflows, exporter hedging, and a reduction in bearish currency positions. 

5. Positive Global Market Cues

Global markets have shown positive trends, with Asian stocks inching higher and U.S. equity-index futures rebounding. This global optimism has spilled over into the Indian markets, contributing to the rally. 

In summary, a combination of favorable international developments, strong foreign investment, robust corporate earnings, a strengthening rupee, and positive global market cues have collectively driven the Indian stock market's rise on May 2, 2025.