BSE Sensex, NSE Nifty 50 Surge as US-Iran Peace Hopes Lift Markets

Mumbai: Indian equity markets witnessed a strong rally in early trade on Wednesday, with benchmark indices BSE Sensex and NSE Nifty 50 surging sharply amid global optimism and easing crude oil prices. The Sensex jumped over 1,400 points to cross the 78,000 mark, while the Nifty climbed more than 400 points, reflecting broad-based buying across sectors. All Sensex constituents traded in the green, led by gains in IT, aviation, and infrastructure stocks. Key gainers included Infosys, Tata Consultancy Services, InterGlobe Aviation, Larsen & Toubro, and Bajaj Finance. The rally was supported by a decline in global crude oil prices, with Brent crude oil trading below the USD 100 per barrel mark. Lower oil prices are seen as a positive for India, which relies heavily on energy imports. Market sentiment improved following indications of renewed diplomatic engagement between the United States and Iran. US President Donald Trump stated that tensions with Iran are “close to over,” raising hopes of de-escalation and stability in global markets. Positive cues from global markets also supported the rally. Major Asian indices, including Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index, traded higher, while US markets had closed in the green overnight. Despite recent foreign institutional investor (FII) outflows, strong domestic buying and improving global sentiment helped lift the markets. Analysts believe easing geopolitical tensions and softer crude prices could support the market trend in the near term.

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