Stock Market Today Highlights: Sensex ends 1,264 points up, Nifty above 24,200 amid hopes of US-Iran truce talks
Stock Market Today Highlights: The Indian stock market closed with strong gains on Wednesday, following a rally in global markets, amid optimism over the resumption of US-Iran peace talks.
The Sensex ended 1263.67 points or 1.64% higher across the board buying. The Nifty 50 index, meanwhile, closed at 24,231, up 389 points or 1.63%
Broader markets outperformed the frontline indices. The Nifty Smallcap 100 index and the Nifty Midcap 100 index closed over 2% each.
All the sectoral indices were trading in the green, with the Nifty IT emerging as the best performer following a massive 2.8% rise. Nifty Media and Nifty Realty also added over 2% each.
Signs of de-escalation in the US-Iran war improved investor risk-appetite after US President Donald Trump told the New York Post that the talks to end the Iran war could resume in Pakistan over the next two days.
What moved market today?
Vinod Nair, Head of Research, Geojit Investments Limited, said that optimism around potential US–Iran negotiations supported a broad-based market sentiment, driving oil prices below $100 as expectations of talks outweighed concerns over supply disruption.
Despite a muted Q4 outlook, investors remain encouraged by attractive valuations and a relatively better FY27 earnings outlook, indicating that the rally could sustain momentum in the near term, he said.
