- Sensex jumped 776 points to settle at 76,835.78 as crude oil prices fell sharply amid easing tensions in West Asia.
- The 30-share BSE Sensex closed 1.02% higher, while the Nifty surged 228.50 points, or 0.96%, to 23,995.95.
- Brent crude prices tanked 9.40% to USD 87.64 per barrel, contributing to the market's positive momentum.
- The market capitalisation of BSE-listed companies surged by ₹5.1 lakh crore, reaching ₹480.8 lakh crore.
- Investor confidence was bolstered by a 61 paise appreciation in the Indian rupee, which reached ₹95.96 against the dollar.
- The pause in strikes in West Asia has eased concerns over rising import costs and inflation, triggering a relief rally in markets.
- Over the previous five sessions, the Sensex and Nifty had declined 2.3% and 2.7%, respectively, before this rebound.
The BSE Sensex closed at 76,835.78, up 776.01 points (1.02%), as falling crude oil prices and easing geopolitical tensions boosted investor sentiment. Brent crude dropped 9.4% to USD 87.64 per barrel, alleviating inflation concerns in India.125
The market capitalization of BSE-listed companies surged ₹5.1 lakh crore to ₹480.8 lakh crore, reflecting renewed investor confidence. The Nifty also rose, climbing 228.50 points (0.96%) to close at 23,995.95, marking the end of a five-day losing streak.34
Analysts noted that the 61 paise appreciation of the Indian rupee, now at ₹95.96 per dollar, contributed to the market's positive momentum. Investor optimism was further fueled by a pause in military actions between the US and Iran, which helped ease concerns over rising import costs.7
Ajit Mishra from Religare Broking stated, “A decisive close above this range could pave the way for a further recovery towards the 24,400 mark.” Meanwhile, Sudeep Shah from SBI Securities highlighted that “A decisive move above the 24,150 mark could trigger a fresh upswing.” Overall, the market's recovery signals a potential shift in investor sentiment as geopolitical tensions ease.
“The BSE's market capitalisation surged by ₹5.1 lakh crore, reaching ₹480.8 lakh crore, as investor confidence grew with the rupee appreciating to ₹95.96 per dollar. Analysts suggest that sustaining above the 24,100 level could lead to further gains, with immediate support at 23,800.”
