Sensex, Nifty Surge on US-Iran Deal Easing Oil Fears

Indian Markets Rally Strong

Indian equity benchmarks Sensex and Nifty made a gap-up opening on Monday, surging over 1.4% each. The rally was fueled by a sharp fall in crude oil prices, following reports of a diplomatic breakthrough between the United States and Iran that could ease global energy supply concerns.

• Sensex jumped 1.56% (1177.40 points) to 76705.35, with 29 stocks advancing.
• Nifty climbed 1.45% (342.80 points) to 23965.70, seeing 46 stocks gain.
• The Indian rupee strengthened by 48 paise against the US dollar.

On the BSE, top gaining sectors included Realty (up 2.55%), Auto (up 2.54%), and Consumer Discretionary (up 2.40%). Healthcare was the sole losing index, down 0.23%.

Key Sensex gainers were Interglobe Aviation (+4.47%) and Bajaj Finance (+3.60%). On Nifty, Shriram Finance (+5.12%) and Tata Motors Passenger Vehicles (+4.17%) led the gains. Sun Pharma was a minor loser on both indices.

US-Iran Deal Calms Energy Markets

The reported diplomatic progress between the US and Iran is expected to restore traffic through the Strait of Hormuz, directly impacting global energy supplies. This decline in oil prices is particularly beneficial for India, the world’s third-largest crude oil importer.

Union Agriculture Minister Shivraj Singh Chouhan also assured ample fertilizer stocks and preparations for the possible El Nino impact, adding to domestic optimism.

India Pushes for French Investment

Commerce and Industry Minister Piyush Goyal urged French businesses to boost investments in India’s manufacturing sector. He highlighted India’s competitive advantages, including its vast talent pool and growing innovation ecosystem with over 230,000 startups.

Bilateral trade between India and France was $15.81 billion in 2025-26, slightly down from $15.19 billion in 2024-25. France remains the 11th-largest investor in India, with $12.25 billion in FDI between April 2000 and March 2025.

Prime Minister Narendra Modi is currently in France for talks with President Emmanuel Macron and the G-7 Summit.

Asian Peers Also Upbeat

All major Asian markets traded higher, reflecting the positive global sentiment.

• Nikkei 225 surged 5.06%.
• KOSPI rose 5.6%.
• Taiwan Weighted jumped 2.79%.
• Shanghai Composite added 0.92%.