Sensex Jumps 804 Points, Nifty Above 25,200 as Israel-Iran Ceasefire Lifts Global Mood.
Indian equity markets rallied sharply on Tuesday, driven by easing geopolitical tensions after a ceasefire was announced between Israel and Iran. The truce, confirmed by U.S. President Donald Trump, ended the “12-day war” in West Asia and lifted investor sentiment worldwide.
Market Highlights
Sensex surged 804 points to close at 82,701
Nifty 50 rose 268 points to end at 25,240
Both benchmarks gained nearly 1%, touching record highs
Nifty MidCap and SmallCap indices climbed 1% each
Sectoral Gains: Oil & Gas Stocks Rally
The Nifty Oil & Gas index was up 1.13%, led by strong performances from HPCL, BPCL, IOCL, MGL, Petronet LNG, and Castrol India, as falling crude prices boosted demand outlook and margins.
Rupee Sees Sharpest Jump Since May
The Indian rupee posted its strongest opening in over a month, rising 64 paise to ₹86.11/$, compared to Monday’s close of ₹86.75. This marked the steepest intraday gain since May 13, though the rupee is still down 0.61% this month.
Global Markets Rebound
Asian markets rose in sync with India:
Kospi (South Korea): +2.5%
Taiwan: +2%
Nikkei (Japan): +1.1%
Hang Seng (Hong Kong) & Straits Times (Singapore): +0.7%
U.S. markets closed higher ahead of the ceasefire news, with the Dow, S&P 500, and Nasdaq each gaining nearly 1%.
Commodities Slide
Gold dropped over 1% to $3,357/oz
Silver fell 0.6%
WTI crude tumbled 3.4% to $66.23/barrel
Brent crude declined 1.2% to $68.39/barrel
Analyst Take
“A decisive close above 25,225 confirms bullish strength in the Nifty,” said Om Mehra, Technical Analyst at SAMCO Securities. “If momentum holds, we could see further upside in the near term.”
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