Sensex Gains 196 Points Amid Optimism Over Iran-US Relations
Sensex jumps 196 pts; PSU bank shares advance
Business Standard
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The S&P BSE Sensex rose by 196.27 points to reach 78,307.51 as investor optimism grew over a potential resolution to the Iran-US conflict and falling oil prices. The Nifty 50 index also saw gains, climbing 65.35 points to 24,294.80, with PSU bank shares continuing to advance.
- 01S&P BSE Sensex increased by 196.27 points to 78,307.51.
- 02Nifty 50 index rose by 65.35 points to 24,294.80.
- 03PSU bank shares gained for the second consecutive session, with the Nifty PSU Bank index up 0.53%.
- 04HDB Financial Services' net profit surged by 41.4% year-on-year in Q4 FY26.
- 05Asian markets, including Japan's Nikkei 225, witnessed gains amid optimism about the Iran situation.
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In mid-morning trade, the S&P BSE Sensex climbed 196.27 points or 0.25%, reaching 78,307.51, while the Nifty 50 index rose 65.35 points or 0.27% to 24,294.80. The market sentiment improved due to falling oil prices, which dipped below $95 a barrel, and hopes for a resolution to the Iran-US conflict. The Nifty PSU Bank index saw a 0.53% increase, with notable gains from Bank of India (up 2%) and Punjab National Bank (up 1.48%). HDB Financial Services reported a 41.4% increase in net profit year-on-year for Q4 FY26, boosting its stock by 7.88%. Global markets also reflected positive sentiment, with Japan's Nikkei 225 hitting record highs, driven by optimism surrounding the potential end of the Iran war. The U.S. economy showed modest growth, but concerns over rising prices and the Iran conflict remain significant for businesses.
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The rise in the Sensex and Nifty indicates increased investor confidence, which could lead to improved market conditions for businesses and consumers alike. Lower oil prices may also ease inflationary pressures on consumers.
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