Stock Market Closing: Sensex closes at 75,527.95 as hopes of Iran-US deal lift market sentiment

New Delhi: Indian equity markets witnessed a strong comeback on Friday, with benchmark indices rallying sharply as easing geopolitical tensions in the Middle East and declining crude oil prices boosted investor sentiment.

The benchmark BSE Sensex surged 1,695.40 points to close at 75,527.95, while Nifty 50 jumped 461.30 points to settle at 23,622.90.

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Peace Hopes Trigger Global Relief Rally

Market sentiment improved significantly after US President Donald Trump indicated progress in diplomatic efforts aimed at ending the ongoing Iran conflict. Investors responded positively to expectations that tensions in the region could ease, reducing risks to global energy supplies.

The development led to a broad-based rally across global equities while prompting a sharp decline in oil prices.

Crude Oil Prices Fall Sharply

Brent crude, the global oil benchmark, dropped more than 4 per cent to around $86 per barrel, while US crude also witnessed a similar decline.

For India, which imports a large share of its energy requirements, lower crude prices are generally viewed as beneficial as they help ease inflationary pressures and reduce import costs.

Markets Extend Gains Throughout Session

Indian equities opened in positive territory and continued to gain momentum throughout the trading day. Strong buying was witnessed across sectors as investors embraced a risk-on approach following positive global cues.

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The rally also reflected renewed confidence in emerging markets amid expectations of greater geopolitical stability.

Global Markets Join the Rally

The optimism was not limited to India. Major Asian indices ended sharply higher, with gains seen across South Korea, Japan and Hong Kong. European markets also traded firmly in the green, while Wall Street had posted strong gains in the previous session.

The synchronized rally across global markets highlighted growing investor belief that easing Middle East tensions could reduce economic uncertainty and support growth prospects.