Lagatar24 Desk
Indian stock markets witnessed a sharp rally after news of a two-week ceasefire between the US, Israel, and Iran boosted investor sentiment, driving benchmark indices significantly higher.
Sensex and Nifty Record Strong Gains
At around 10:08 AM, the BSE Sensex surged by over 2,700 points to trade near 77,326, while the Nifty 50 jumped more than 775 points.
The banking index also saw strong momentum, with Nifty Bank rising sharply, reflecting broad-based buying across sectors. Out of 30 Sensex stocks, 28 were trading in the green, indicating widespread optimism in the market.
Top Gainers Lead the Rally
Among the top performers, InterGlobe Aviation led with nearly 9% gains, followed by strong buying in Adani Ports, Larsen & Toubro, Mahindra & Mahindra, and UltraTech Cement.
Other major stocks including Maruti Suzuki, Bajaj Finance, HDFC Bank, Axis Bank, ICICI Bank, and SBI also recorded notable gains, contributing to the upward momentum.
Limited Losses Amid Broad Rally
Only a few stocks, such as Tech Mahindra and Sun Pharma, traded in the red, showing minor declines compared to the broader market strength.
Most heavyweight stocks including Reliance Industries, Tata Steel, Bharti Airtel, ITC, TCS, and Infosys traded with gains, reinforcing the bullish trend.
Ceasefire Eases Global Concerns
The rally comes as geopolitical tensions eased following the temporary ceasefire, reducing concerns over global energy supply disruptions and inflation pressures.
Improved global cues and renewed investor confidence played a key role in driving the sharp recovery in Indian equities.
