Sensex Ends Over 700 Points Higher, Nifty Closes Above 23,850 as US-Iran Peace Accord Fuels Market Optimism

Indian benchmark indices extended gains on Monday, buoyed by strong global cues and a steep decline in crude oil prices following the announcement of a peace agreement between the United States and Iran, aimed at ending their 107-day conflict and restoring shipping movement through the Strait of Hormuz. The upbeat sentiment triggered broad-based buying across equities, with the Sensex advancing 736.38 points, or 0.97%, to settle at 76,264.33, while the Nifty 50 gained 231 points, or 0.98%, to close at 23,853.90. Market breadth remained firmly positive as all sectoral indices on the NSE finished in the green. Broader markets also outperformed, with the Nifty Smallcap 100 rising 1.62% and the Nifty Midcap 100 climbing 1.43%, reflecting improved investor confidence and risk appetite. The easing geopolitical tensions and lower energy prices were among the key drivers behind the day's rally, supporting gains across sectors. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing