Indian stock markets surged sharply on Monday, with the Sensex jumping around 1000 points and the Nifty moving close to the 24,000 mark. The rally was driven by strong global cues after reports of progress in US-Iran peace talks, which eased concerns over crude oil supply disruptions.
Lower oil prices boosted sentiment, as India benefits from reduced import costs and easing inflation pressure. This improved outlook supported expectations of stronger earnings for key sectors, especially energy-sensitive industries.
Among major gainers, HDFC Bank, ICICI Bank, State Bank of India, Reliance Industries, Maruti Suzuki, and Tata Motors led the rally, supported by strong buying in banking, auto, and energy stocks. Oil-linked stocks also gained as crude prices softened globally.
In contrast, Infosys, TCS, Wipro, HCL Tech, Hindustan Unilever, and ITC saw mild profit booking after recent gains. Defensive sectors like IT and FMCG underperformed as investors shifted focus toward cyclical stocks benefiting from improving risk sentiment.
Market analysts said optimism over geopolitical easing, along with expectations of steady domestic growth and foreign fund inflows, supported the broad-based market rally. Positive global cues, including stronger Asian markets and softer bond yields, added further momentum.
However, experts cautioned that volatility may persist as US-Iran negotiations remain uncertain. Any breakdown in talks could quickly reverse gains by pushing oil prices higher again, impacting inflation and market sentiment.
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