Sensex Surges 1,695 Points as Investors Gain ₹10 Lakh Crore on India Stock Market Rally, Nifty Jumps on US-Iran Peace Hopes
Indian stock markets ended the week with a powerful rally, posting one of the sharpest single-day gains in recent times after upbeat global developments lifted investor sentiment. The surge was driven largely by reports of easing tensions between the United States and Iran, along with remarks attributed to U.S. President Donald Trump suggesting that a peace or war-ending agreement with Iran was nearly finalized. The positive news triggered strong buying across equity markets, with Indian benchmarks closing sharply higher and broad-based gains seen across sectors.
The Sensex jumped 1,695 points, or 2.30%, to finish at 75,527.95. The Nifty rose 461.30 points, or 1.99%, and closed at 23,622.90. Bank Nifty outperformed the broader market, soaring 1,638 points, or 2.97%, to close above the 56,800 mark. The rally was broad and decisive, with all sectoral indices ending in the green, showing strong participation from investors across the market.
Among the top Sensex stocks, only Power Grid and Tech Mahindra finished lower, while the rest closed with solid gains. Bajaj Finance led the pack with a rise of 5.62%. Other major gainers included Larsen & Toubro, InterGlobe Aviation, Titan, and Eternal, each of which advanced by as much as 5%. The strong performance in heavyweight stocks helped push the indices higher and signaled a clear wave of optimism in the market.
The rally was not limited to large-cap stocks. Midcap and smallcap indices also saw heavy buying, indicating that investor enthusiasm spread across the market spectrum. As a result, both retail and institutional investors benefited from the surge. The overall market capitalization of BSE-listed companies rose sharply by nearly Rs 10 lakh crore in a single day, climbing from about Rs 452.66 lakh crore to above Rs 462 lakh crore. This reflected the scale of the market-wide wealth creation seen during the session.
A major reason behind the rally was the decline in crude oil prices. Brent crude fell 5% to around $86.4 per barrel, nearing its lowest level in two months, after signs emerged that a conflict between the U.S. and Iran might be avoided. Lower crude prices are generally positive for India, which imports a large share of its oil needs, and they also support sectors and companies sensitive to fuel costs. Shares linked to crude dependence and transportation saw renewed interest on this development.
The upbeat global mood extended beyond India. Asian markets also rallied strongly, with South Korea’s Kospi index rising more than 8% and Japan’s Nikkei gaining over 3%. Markets in China and Hong Kong also ended in positive territory, reflecting broad optimism across the region. In currency markets, the Indian rupee strengthened significantly as the U.S. dollar weakened and crude prices fell. The rupee gained 65 paise to close at 95.20 against the dollar, supported by improved risk appetite and positive foreign investor sentiment toward Indian equities.
Overall, the day marked a powerful risk-on move in global financial markets, with Indian stocks, the rupee, and regional Asian markets all responding positively to hopes of reduced geopolitical tension and lower energy prices.
