The Sensex Nifty surge on Tuesday marked a strong start for Indian markets as investors welcomed the announcement of a two-week ceasefire between Iran and the United States. Early trade saw Dalal Street add nearly Rs 14 lakh crore in market capitalization.
Crude oil prices, which had crossed $110 recently, fell below $100, further supporting the bullish sentiment. As of 9:25 am, the S&P BSE Sensex jumped 2,541.76 points to 77,157.73, while the NSE Nifty50 rose 746.20 points to 23,869.85, signaling a robust Sensex Nifty surge.
Chief Investment Strategist at Geojit Investments Limited, said, “The Sensex Nifty surge has been significantly influenced by the US-Iran ceasefire. The drop in Brent crude to $95 following the ceasefire will continue to push the market higher.”
He added that the reopening of the Hormuz Strait would encourage bulls to take charge, with fair valuations supporting a strong market recovery.
Sensex Nifty Surge Led by Aviation, Infrastructure, and Financial Stocks
InterGlobe Aviation Ltd led the Sensex gainers with a 9.41% jump, followed by Larsen & Toubro Ltd, which rose 7.12%. Adani Ports and Special Economic Zone Ltd moved up 6.85%, while Bajaj Finance Ltd and Bajaj Finserv Ltd gained 6.76% and 6.32%, respectively.
However, Tech Mahindra Ltd dropped 1.19%, and Infosys Ltd edged lower by 0.13% in early trade.
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“Financials that have been beaten down have strong recovery potential. Crude-dependent sectors like refineries, aviation, capital goods with Gulf exposure, and paints and adhesives are likely to perform well amid the ongoing Sensex Nifty surge,Chief Investment Strategist added.
The current Sensex Nifty surge underscores investor optimism driven by geopolitical stability and easing crude prices. Analysts expect momentum to continue, particularly for sectors benefiting from the US-Iran ceasefire.
This latest Sensex Nifty surge is one of the most significant early-session gains in recent weeks, reflecting renewed confidence in the Indian market landscape.