Hi, you’re listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let’s get to it:

The Sensex climbed 329 points to 81,635, while the Nifty gained 98 points to close at 24,968, just below the 25k mark.

The rally was powered by IT stocks, with Infosys and TCS jumping nearly 3% each after Fed Chair Jerome Powell signaled a possible U.S. rate cut in September. Metal stocks also firmed, supported by a weaker dollar.

However, mid- and small-caps gave up gains as caution was set in ahead of Trump’s 25% tariff on Indian goods, effective August 27.

Experts say sentiment stays positive above 24,800, with the near-term Nifty range seen at 24,800–25,150.

Globally, Asian markets touched multi-year highs, while oil edged up on concerns over Russian supply. The rupee, meanwhile, slipped slightly to 87.58 per dollar.