Benchmark stock market indices jumped nearly 4% to close significantly higher, as Dalal Street rallied over ceasefire agreement in the West Asia war.
Investor wealth surged by around Rs 17.1 lakh crore in a single session, taking total BSE market capitalisation to Rs 445.8 lakh crore.
The S&P BSE Sensex rallied 2,946.32 points to end at 77,562.90, while the NSE Nifty50 jumped 873.35 points to close at 23,997.35.
Vinod Nair, Head of Research, Geojit Investments Limited, said that the interim ceasefire is seen as a step toward broader regional stability.
“India benefits immediately from the reopening of the Hormuz Strait, which has pushed oil prices below $100 and reduced downside risks to FY27 EPS growth. The sharp improvement in sentiment has driven a notable decline in the 10year bond yield and strengthened the rupee, while the RBI’s status quo stance has further supported financials,” he added.
After the closing bell, InterGlobe Aviation Ltd led the Sensex gainers, rising 8.22%. It was followed by Larsen and Toubro Ltd, which gained 7.64%. Bajaj Finance Ltd moved up 7.03%, while Mahindra and Mahindra Ltd added 6.60%. Axis Bank Ltd also ended higher, rising 6.56%.
TTech Mahindra Ltd saw the sharpest fall, dropping 1.53%. Sun Pharmaceutical Industries Ltd declined 0.37%, and Power Grid Corporation of India Ltd slipped 0.20% at the close.
“Although the Q4 results outlook remains muted, investors are focusing on reasonable valuations and a stable mediumterm earnings trajectory, suggesting that the rally still has room to continue in the near term,” said Nair.
