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Indian Stocks Surge 2.30% on US-Iran Peace Hopes; World Bank Cuts Growth

By SivamIndian Stocks Surge 2.30% on US-Iran Peace Hopes; World Bank Cuts Growth

Indian stocks surged 2.30% on US-Iran peace optimism and falling crude prices. World Bank projects India’s FY27 growth to moderate to 6.6%, yet remains fastest-growing major economy.

Indian equities soared Friday, driven by optimism for a US-Iran peace deal and a dip in crude oil prices. This rally mirrored global market gains, with the Sensex closing up 2.30%.

Market Highlights

  • The BSE Sensex surged 1695.40 points, or 2.30%, to close at 75,527.95.
  • The CNX Nifty advanced by 461.30 points, or 1.99%, reaching 23,622.90.
  • Investor sentiment was significantly boosted by US President Donald Trump’s declaration that the country has ended its conflict with Iran.

India’s Growth Outlook

In a separate report, the World Bank projected a moderation in India’s economic growth for the fiscal year 2027.

  • Growth is expected to slow to 6.6% in FY27.
  • This marks a decrease from the 7.7% growth recorded in the preceding year.
  • Despite this anticipated slowdown, India is poised to maintain its position as the fastest-growing major economy worldwide.
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