Sensex Surges Nearly 1,700 Points on Hopes of U.S.-Iran Peace Deal
Mumbai — Indian equity markets rallied sharply Friday, with the Sensex soaring nearly 1,700 points and the Nifty reclaiming the 23,600 level, as investor sentiment improved on hopes of a potential peace agreement between the United States and Iran.
The Sensex closed at 75,527.95, up 1,695.40 points, or 2.30%, from its previous close of 73,832.55. The 30-share index opened at 74,709.27 and touched an intraday high of 75,608.02 before ending near the day’s peak.
The Nifty also posted strong gains, closing at 23,622.90, up 461.30 points, or 1.99%. The index opened at 23,412.55 and climbed to an intraday high of 23,645.35.
Market experts said a sustained move above 23,800 could further strengthen sentiment and open the way for the Nifty to test the 24,000 psychological level.
“On the downside, the 23,550–23,500 region is now expected to act as an important immediate support area, having transitioned from resistance to support following the breakout,” an analyst said.
The rally came after U.S. President Donald Trump said Washington had reached a “great settlement” with Iran and that only the finalization of the document remained.
The remarks lifted optimism in global markets, with investors betting that easing geopolitical tensions could stabilize energy supplies and reduce uncertainty.
Among Nifty stocks, Shriram Finance, Bajaj Finance and Larsen & Toubro were the top gainers.
Broader markets also posted strong gains. The Nifty MidCap index rose 2.43%, while the Nifty SmallCap index advanced 2.8%.
Real estate and financial stocks led the sectoral rally. The Nifty Realty and Nifty Financial Services indices gained more than 3% each, outperforming other sectors.
The Nifty IT index lagged the broader market and was the weakest-performing sector of the session. (Source: IANS)
