Punjab Newsline | New Delhi
Indian equity markets witnessed a strong rally on Friday amid reports of a potential nuclear agreement between the United States and Iran. The BSE Sensex surged 1,695 points to close at 75,527, while the Nifty 50 jumped 461 points to settle at 23,622.
During the trading session, real estate, private banking, public sector banking and financial services stocks emerged as the top performers, attracting heavy buying from investors. The market had opened on a positive note and maintained its upward momentum throughout the day.
The rally was largely driven by remarks made by US President Donald Trump, who claimed that Iran’s Supreme Leader Mojtaba Khamenei had approved a new nuclear agreement.
According to Trump, the proposed deal would ensure that Iran does not possess nuclear weapons and would also lead to the reopening of the Strait of Hormuz, a crucial global oil shipping route.
Although Iran has not officially confirmed Trump's claims, expectations of a breakthrough in negotiations boosted investor confidence, triggering a broad-based rally across Indian stock markets.
