Indian Stocks Surge as Easing U.S.-Iran Tensions Boost Investor Sentiment
MUMBAI — Indian equity markets rallied sharply Wednesday, with benchmark indices posting strong gains as easing geopolitical tensions between the United States and Iran lifted investor confidence.
The Sensex jumped 1,264 points, or 1.64 percent, to close at 78,111.24, while the Nifty rose 388.65 points, or 1.63 percent, ending the session at 24,231.30.
Market sentiment improved after President Donald Trump signaled that the conflict with Iran could be nearing an end, prompting a rise in risk appetite among investors.
Analysts said key technical levels remain in focus, with the 24,300–24,400 range seen as a critical resistance zone for the Nifty. A sustained breakout above that level could push the index toward 24,800–25,000, they said.
On the downside, immediate support is pegged near 24,000, with a stronger base between 23,900 and 23,800 expected to act as a key demand zone.
The rally was broad-based, led by gains in heavyweight stocks. Top performers on the Nifty included InterGlobe Aviation, Max Healthcare Institute, Power Grid Corporation of India, and Eternal.
Broader markets outpaced the main indices, reflecting strong participation from mid- and small-cap stocks. The Nifty MidCap index rose 2.20 percent, while the Nifty SmallCap index climbed 2.35 percent.
Sectorally, construction-related stocks led the gains, with the Nifty Construction Durable index emerging as the top performer. Information technology and media stocks also saw strong buying interest, signaling renewed confidence in growth-oriented sectors.
However, state-owned banking stocks lagged, with the Nifty PSU Bank index underperforming the broader market.
Among thematic indices, capital markets, tourism, and railway public sector stocks outperformed, while rural-focused and CPSE indices trailed.
Analysts attributed the rally to improving global cues and reduced geopolitical uncertainty, which helped restore investor confidence and trigger buying across sectors.
The Indian rupee also strengthened slightly, trading near 93.36 against the U.S. dollar. The currency was supported by easing crude oil prices following the second round of U.S.-Iran talks.
“Lower crude, now slipping toward the $94–95 range, is easing pressure on India’s import bill and providing short-term relief to the currency,” an analyst said. (Source: IANS)
