Indian Stock Markets Rebound as Sensex Gains 291 Points Amid Optimism Over US-Iran Talks

Indian equity markets recovered strongly in the latest trading session as investor sentiment improved following optimism over progress in US-Iran negotiations and a decline in global crude oil prices.

The BSE Sensex surged 522.66 points during early trade to touch 77,325.56 before ending the session 291.17 points higher at 77,094.07. The NSE Nifty 50 also closed in positive territory, gaining 89.80 points to settle at 24,102.90.

Market experts attributed the recovery to sustained buying by investors, strong foreign fund inflows, and gains in heavyweight stocks such as Reliance Industries and HDFC Bank. Improved global risk sentiment also contributed to the positive momentum in domestic equities.

Among Sensex constituents, Tech Mahindra, Sun Pharma, Reliance Industries, Infosys, Bharat Electronics, and Bajaj Finserv emerged as major gainers. On the other hand, Asian Paints, Titan, Power Grid, and Trent ended the session lower.

Broader markets also participated in the rally, with the Nifty Midcap Index rising 0.3% and the Nifty Smallcap Index advancing 0.6%.

Sector-wise, all major indices except FMCG and consumer goods ended in positive territory. Media, information technology, metals, pharmaceuticals, automobiles, and energy stocks recorded gains ranging from 0.5% to 1%.

Across Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, and China’s Shanghai SSE Composite Index closed higher, while Hong Kong’s Hang Seng Index ended lower.

Investor confidence received a boost after reports indicated that the first round of discussions between the United States and Iran concluded positively. According to a joint statement issued by mediators Pakistan and Qatar following two days of talks in Switzerland, both countries have agreed on a roadmap aimed at reaching a comprehensive agreement within 60 days.

Foreign Institutional Investors (FIIs) continued to support the market, purchasing equities worth ₹4,859.07 crore in the previous trading session, according to exchange data.

In the currency market, the Indian rupee weakened by 35 paise against the US dollar to close at ₹94.68.

Meanwhile, global crude oil prices declined sharply, with Brent crude falling 1.66% to $79.23 per barrel. Lower oil prices are generally viewed as positive for India's economy, as the country is a major importer of crude oil.

The combination of easing crude prices, strong foreign inflows, and improving global sentiment helped Indian equities end the session on a positive note, despite continued volatility in currency markets.