Indian markets rally as US-Iran peace hopes lift indices

Indian stock markets surged more than 2 percent on Friday amid expectations of a diplomatic breakthrough between the US and Iran.

The benchmark BSE Sensex rose 1,695.40 points, or 2.30 percent, to close at 75,527.95. The NSE Nifty 50 gained 461.30 points, or 1.99 percent, to settle at 23,622.90.

Market participants linked the gains to hopes of easing tensions in West Asia. Brent crude prices fell after reports that US President Trump cancelled plans for additional military strikes against Iran.

Domestic institutions bought shares worth 5,341 crore rupees while foreign investors sold 1,082 crore rupees. The Indian rupee strengthened by 64 paise to 95.11 against the US dollar.

All major sectoral indices closed higher, led by realty, financial services and banking stocks.

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Illustration of Indian markets declining due to geopolitical tensions with Iran, showing traders and falling financial indicators.
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Indian markets and rupee decline as Trump signals end of Iran truce

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Indian stocks and the rupee fell sharply on Wednesday after US President Donald Trump signaled the end of a truce with Iran. Fresh US strikes on Iran and rising oil prices triggered the selloff. Gold and silver prices also extended losses in Mumbai trading.

Indian equities rose more than 1 percent on Monday amid optimism over a potential peace deal between the United States and Iran. Broader Asian stocks also posted modest gains following the news. Traders reduced bearish positions as crude oil prices eased.

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Indian stock markets rose more than 1 percent on Monday as the Nifty index crossed back above 24,000. The gains followed positive global signals including hopes for a US-Iran deal and lower oil prices.

Wall Street posted losses on May 19 as a lack of clarity in geopolitical agreements revived fears of a longer Middle East conflict.

Rapporterad av AI

The Indian rupee posted its strongest performance in nearly a month on Wednesday, climbing 50 paise against the US dollar. The gain came after Saudi Arabia cut crude oil prices for buyers in Asia, easing pressure on India's import bill. Foreign investor inflows into local equities also supported the currency.

Indian stock markets fell sharply for a fifth straight session on Friday. The Sensex dropped 332 points while the Nifty ended below 23,800. Oil prices above $100 per barrel and foreign institutional investor selling contributed to the decline.

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