Sensex Jumps 544 Points, Nifty Nears 24,000 as Crude Oil Prices Fall and Global Sentiment Improves

Indian equity markets continued their upward momentum for a third consecutive trading session, supported by positive global cues, easing geopolitical concerns, and a sharp decline in crude oil prices.

Investor sentiment improved significantly following reports of progress toward a potential peace agreement between the United States and Iran, which helped reduce concerns over global energy supply disruptions and supported markets worldwide.

Sensex and Nifty End Higher

The benchmark indices closed firmly in positive territory after witnessing strong buying interest across several sectors.

• BSE Sensex gained 544.15 points to close at 76,808.48
• NSE Nifty 50 advanced 135.25 points to settle at 23,989.15

During intraday trading, the Sensex touched 76,846.74, while the Nifty briefly crossed the psychological 24,000 mark, reaching 24,002.60.

Top Gainers and Losers

Among Sensex constituents, major gainers included:

• HCL Technologies
• Bajaj Finserv
• NTPC
• Hindustan Unilever
• Tata Consultancy Services
• Bajaj Finance

Stocks that ended lower included:

• InterGlobe Aviation
• UltraTech Cement
• Maruti Suzuki
• Tata Steel

Broad-Based Market Strength

The broader market also participated in the rally:

• Nifty Midcap 100 gained 0.4%
• Nifty Smallcap 100 gained 0.4%

Most sectoral indices closed higher, led by:

• Information Technology
• FMCG
• Realty
• Oil & Gas
• Consumer Durables
• Media
• Energy

These sectors registered gains ranging from 1% to 2% during the session.

Global Markets Support Rally

Global markets remained largely positive as investors welcomed signs of reduced tensions between the United States and Iran.

Asian market performance was mixed:

• South Korea's KOSPI closed higher
• Japan's Nikkei 225 ended in positive territory
• Shanghai Composite and Hong Kong's Hang Seng closed lower

European markets traded higher throughout the session.

US markets also delivered strong gains in the previous session:

• Nasdaq Composite: +3.07%
• S&P 500: +1.65%
• Dow Jones Industrial Average: +0.92%

Foreign Investors Return as Buyers

According to market data, Foreign Institutional Investors (FIIs) turned net buyers, purchasing equities worth ₹200.05 crore, providing additional support to domestic markets.

Several Stocks Hit 52-Week Highs

More than 100 stocks reached fresh 52-week highs, including:

• Dr Lal PathLabs
• Yes Bank
• Capri Global Capital
• Apar Industries
• Aditya Birla Sun Life AMC
• GMR Airports
• Nippon Life India Asset Management
• IFCI
• Pidilite Industries

Crude Oil Prices Decline

A key factor supporting market sentiment was the decline in global crude oil prices.

Brent crude oil fell nearly 2% to trade at approximately $81.45 per barrel, easing inflation concerns and improving the outlook for energy-importing economies such as India.

With global sentiment improving and crude oil prices cooling, investors will continue to monitor geopolitical developments, foreign investment flows, and upcoming economic indicators for clues about the market's next direction.