Business

Indian Markets Rebound After 3-Day Losses As Middle East Tensions Ease

Indian stock markets bounced back on Friday after three days of losses, as easing Middle East tensions brought investor relief.

The United States said it remains open to talks with Iran and will decide on support for Israel within two weeks. This announcement calmed investor sentiment and triggered a broad rally.

Both the Sensex and Nifty opened strong and sustained gains through the day.

The Sensex closed at 82,408.17, up by 1,046 points or 1.29 per cent. It touched an intra-day high of 82,488.21. The Nifty rose 319.95 points or 1.29 per cent to end at 25,112.4.

Broad-based rally across sectors

Vinod Nair of Geojit Investments Limited said the easing of Middle East tensions reduced the risk of immediate military action. He noted that expected US-Iran dialogue and a fall in crude oil prices boosted market sentiment.

Maruti Suzuki India was the only loser on the Sensex. Bharti Airtel led the gainers with a 3.27 per cent surge. Other major gainers included Mahindra & Mahindra, Power Grid, and Nestlé India.

The Nifty Midcap 100 rose by 1.46 per cent, while the Nifty Smallcap 100 index gained 1.01 per cent. All NSE sectoral indices ended in the green. Nifty Realty topped with a 2.11 per cent gain.

Financials and Rupee gain strength

Banking stocks drew strong interest. Bank Nifty, Nifty PSU Bank, and Nifty Private Bank each rose over 1 per cent. Other sectors like Financial Services, Metal, Auto, and Healthcare also ended with gains above 1 per cent.

Sundar Kewat of Ashika Institutional Equity said market sentiment remains upbeat. He highlighted firm participation across sectors and from broader market players.

Market volatility declined. India VIX fell 4.08 per cent to settle at 13.67. The rupee appreciated by 0.15 to close at 86.57, supported by weaker crude prices and a soft dollar index.

Jateen Trivedi of LKP Securities said steady FII and DII inflows have limited the rupee’s downside despite recent global tensions.

Also Read: Stock Markets Start Positive; Analysts Predict Range-Bound Movement

Ajaypal Choudhary

Recent Posts

‘Garv Se Kaho Yeh Swadeshi Hai’: PM Modi Reinforces Call To Buy Local Ahead Of Diwali

Ahead of Diwali, Prime Minister Narendra Modi urged the public to celebrate the festival by…

13 mins ago

Yogi Adityanath Lights Over 1.51 Crore Lamps In Uttar Pradesh; Record 26 Lakh Diyas Illuminate Ayodhya Dham

Uttar Pradesh CM Yogi Adityanath announced that 1.51 crore lamps were lit across the state,…

2 hours ago

UAE’s Sheikh Mohammed & Global Envoys Greet India On Diwali

Leaders and diplomatic missions from the UAE, Singapore, and Iran extended warm Diwali wishes to…

2 hours ago

PIB Debunks Viral WhatsApp Message On Alleged Social Media & Call Monitoring Rules

The Press Information Bureau (PIB) has declared as false a viral WhatsApp message claiming government…

2 hours ago

Prez Murmu & VP Radhakrishnan Extend Warm Diwali Greetings; Urge Responsible Celebration

Prez Murmu and Vice President CP Radhakrishnan have wished citizens a happy Diwali, urging everyone…

3 hours ago

Obesity Linked To Alzheimer’s Risk In Adults With Down Syndrome, Study Finds

Obesity, not metabolic syndrome, is linked to higher Alzheimer’s risk in adults with Down syndrome,…

4 hours ago