Punjab Newsline | New Delhi
Indian equity markets ended sharply higher on Wednesday, driven by strong global cues, easing geopolitical tensions, and a decline in crude oil prices. The benchmark index SENSEX surged 941 points to close at 77,959, while the broader NIFTY 50 gained 298 points, ending at 24,331.
Out of 30 Sensex constituents, 21 stocks advanced while 9 declined. Major buying interest was seen in auto, financial services, pharma, banking, and realty sectors, all of which rose over 2%.
Investor confidence improved following reports of a potential ceasefire and easing tensions between the United States and Iran. Signals of peace efforts from former US President Donald Trump also supported market optimism.
Additionally, expectations of reduced conflict risks and the announcement of “Project Freedom” to restore shipping movement through the Strait of Hormuz helped crude oil prices slip below the $100 per barrel mark — a significant relief for import-dependent economies like India.
Positive global market spillover
Strong performance in US markets, where the S&P 500 and Nasdaq closed at record highs, further boosted sentiment. Asian markets including South Korea’s KOSPI, Japan’s Nikkei, and Hong Kong’s Hang Seng also traded higher, adding to the positive momentum in Indian equities.
