Markets roar back! Sensex surges 900 pts, Nifty crosses 24,700 after foreign media reports hint at Iran nuclear rollback

Stock Market Closing Bell: Indian equity markets ended Thursday’s session on a strong note, with benchmarks posting their sharpest gains in more than a month as easing geopolitical concerns lifted investor sentiment.

The rally gained traction after reports signalled a possible thaw in tensions between the United States and Iran. According to foreign media reports, Iran’s foreign minister indicated that Tehran may be willing to abandon its nuclear programme if Washington presents a credible alternative proposal, raising hopes of a diplomatic breakthrough.

Encouraged by the development, investors stepped up buying across sectors, pushing the benchmarks higher by the close. The Nifty 50 ended the day at 24,765.90, gaining 285.40 points or 1.17 per cent. The BSE Sensex settled at 80,015.90, up 899.71 points or 1.14 per cent.

Add Zee Business as a Preferred Source

Sectoral trends

Gains were led by commodity and consumption-oriented stocks. The Nifty Metal and Nifty Consumer Durables indices climbed more than 2 per cent each during the session. The Nifty Auto and Nifty Realty indices also closed firmly higher.

However, the Nifty IT index moved against the broader trend and ended 0.59 per cent lower as technology stocks faced selling pressure.

Top gainers and losers

Among Sensex constituents, Adani Ports and Special Economic Zone, Larsen & Toubro, Bharat Electronics Limited, Reliance Industries and NTPC Limited led the gains.

On the other hand, Tech Mahindra, ICICI Bank, HCLTech, Tata Consultancy Services and Hindustan Unilever were among the stocks that ended the day in the red.

The strong close reflected improved risk appetite among investors, with buying interest returning after recent volatility linked to geopolitical tensions and global commodity price swings.