Sensex and Nifty Surge Over 1% as Global Markets Rally and Crude Oil Prices Fall

Indian stock markets ended sharply higher in today’s trading session, with both the Sensex and Nifty rising more than 1% amid optimism surrounding possible progress in US-Iran negotiations, gains in global equity markets, and a decline in crude oil prices.

During early morning trade, the BSE Sensex jumped 1,143.72 points to reach 76,559.07. By the end of the session, the 30-share Sensex closed 1,073.61 points higher at 76,488.96.

Similarly, the NSE Nifty 50 climbed 312.40 points to settle at 24,031.70.

Banking and Financial Stocks Lead Rally

Among the major gainers on the Sensex were Bajaj Finance, Larsen & Toubro, HDFC Bank, Eternal, Bajaj Finserv, and Kotak Mahindra Bank.

On the other hand, stocks such as Infosys, Tata Consultancy Services, Sun Pharma, and Hindustan Unilever ended lower during the session.

In the Nifty index, Eicher Motors, Larsen & Toubro, Bajaj Finance, Adani Enterprises, and Tata Motors’ passenger vehicle division recorded strong gains.

Meanwhile, Max Healthcare, ONGC, Hindalco, Infosys, and Bajaj Auto were among the notable losers.

The broader markets also performed well, with the Nifty Midcap index rising 0.9% and the Nifty Smallcap index gaining 1.3%.

Crude Oil Decline Boosts Investor Confidence

Market experts said investor sentiment improved significantly due to expectations that the United States and Iran could soon move toward an agreement, easing geopolitical tensions and reducing pressure on global crude oil supply.

The sharp decline in crude oil prices further strengthened market momentum, although analysts noted that uncertainty remains due to the unpredictable nature of geopolitical developments.

International crude oil prices reportedly fell 5.52%, with Brent crude trading near 97.82 US dollars per barrel.

Global Markets Trade Positive

Asian markets largely ended higher, with Japan’s Nikkei 225 and China’s SSE Composite posting gains. However, stock exchanges in South Korea and Hong Kong remained closed due to holidays.

European markets also traded positively, while US markets had ended higher on Friday.

Foreign Investors Continue Selling

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth ₹4,440.47 crore during the session.

Stock-Specific Highlights

• Hindalco Industries shares declined nearly 1% after the company reported a drop in consolidated net profit to ₹2,597 crore.
• Eicher Motors shares surged 6% after posting an 11.6% growth in fourth-quarter consolidated net profit.
• IRFC shares gained up to 2.4% after the company signed a refinancing agreement worth ₹13,527 crore for the Hyderabad Metro project.

Several stocks including HFCL, JB Chemicals, Angel One, Vodafone Idea, Polycab, Manappuram Finance, Anand Rathi, KEI Industries, GE Vernova, Apollo Hospitals, Gland Pharma, Varun Beverages, Bajaj Auto, Timken, and Hindalco touched their 52-week highs on the Bombay Stock Exchange.