Markets extend winning run to 3rd day on US-Iran peace deal

In three straight sessions, the Sensex jumped 2,975.93 points , and the Nifty rose 827.55 points

PTI

mumbai

Benchmark stock indices Sensex and Nifty rose for the third consecutive day on Tuesday, propelled by a positive trend in global markets and softening crude oil prices following a peace deal between the US and Iran.

The 30-share BSE Sensex jumped 544.15 points, or 0.71%, to settle at 76,808.48 following gains in IT, select energy and banking stocks. Intraday, it surged 582.41 points, or 0.76%, to 76,846.74. The 50-share NSE Nifty climbed 135.25 points, or 0.57%, to end at 23,989.15. During the day, it jumped 148.7 points, or 0.62%, to 24,002.60. 

In three straight sessions, the Sensex jumped 2,975.93 points, or 4%, and the Nifty climbed 827.55 points, or 3.57%. Foreign investors turning net buyers in Indian equities also boosted the sentiment, according to experts. 

Among the 30 Sensex firms, HCL Tech rose the most by 3.59% a day after the IT major announced a ₹1,427 crore investment in government-backed sovereign AI model developer Sarvam AI for a 10.46% stake. Bajaj Finserv, NTPC, Hindustan Unilever, Tata Consultancy Services and Bajaj Finance were also among the winners. InterGlobe Aviation, UltraTech Cement, Maruti and Tata Steel were among the laggards. 

"Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US–Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors," Vinod Nair, Head of Research at Geojit Investments Limited, said. 

A total of 2,368 stocks advanced, while 1,886 declined and 153 remained unchanged on the BSE.