Sensex Jumps, Nifty Rises Nearly 2 pc as Crude Falls and Global Sentiment Improves

Indian equity markets staged a powerful rebound on Friday, with benchmark indices surging sharply after improving global sentiment and a steep fall in crude oil prices triggered by easing geopolitical tensions in West Asia.

The BSE Sensex jumped 1,695.40 points or 2.30 per cent to settle at 75,527.95 , after touching an intraday high of 75,608.02. The NSE Nifty climbed 461.30 points or 1.99 per cent to close at 23,622.90 , marking one of its strongest sessions in recent weeks.

The rally came amid a broad based surge across global markets after US President Donald Trump announced that the United States had effectively ended the war with Iran and signalled progress towards a diplomatic agreement. The development eased fears of a wider conflict, lifting investor appetite for risk assets worldwide.

Adding further momentum, Brent crude prices dropped nearly 3.98 per cent to 86.78 dollars per barrel , easing inflationary concerns for import dependent economies like India and supporting equity sentiment.

Market analysts said the sharp turnaround was driven by a sudden improvement in global risk appetite, with expectations of de escalation in West Asia acting as the key trigger for the rally.

Most index heavyweights participated in the upmove. Bajaj Finance , Larsen and Toubro , InterGlobe Aviation , Titan , Eternal , and HDFC Bank were among the top gainers on the Sensex pack. Tech Mahindra and Power Grid were the only notable laggards.

Global cues remained strongly positive, with Asian markets such as South Korea’s Kospi and Japan’s Nikkei closing higher, while European equities also traded in positive territory. US markets had ended sharply higher in the previous session.

Despite the strong domestic rally, foreign institutional investors continued to remain cautious, offloading equities worth 1,987.09 crore rupees in the previous session, according to exchange data.

After a weak start to the week, Indian equities ended Friday on a confident note, reclaiming higher levels on the back of global optimism, easing crude prices, and renewed risk taking across markets.