Nifty 50 | Sensex Today | Stock Market Live Updates: The benchmark indices Nifty50 and Sensex surged in early trade as investor sentiment improved on hopes of a de-escalation in the US-Iran conflict, after US President Donald Trump indicated that the war could be nearing its end.
The Nifty50 rose 1.61% or 392.75 points to 24,237.70, while the Sensex gained 1.70% or 1,303 points to trade at 78,150.54.
The rally added significant wealth, with the market capitalisation of BSE-listed firms increasing by ₹9.25 trillion to ₹457.73 trillion, up from ₹448.48 trillion in the previous session.
Volatility eased sharply, with the Nifty India Volatility Index dropping 15.4% to 17.34 soon after the opening bell, signalling reduced near-term uncertainty.
Broader markets outperformed the benchmarks, with the Nifty MidCap and Nifty SmallCap indices advancing 2.09% and 2.10%, respectively.
Sectorally, PSU banks and IT stocks led the gains, while the pharma index lagged behind as the weakest performer.
US President Donald Trump has said that US-Iran peace talks could resume this week, while Israel and Lebanon agreed to launch direct negotiations, signaling movement on two key fronts in efforts to ease the West Asia conflict.
Crude oil prices fell further on Wednesday to around $90 per barrel on hopes of fresh peace negotiations between the US and Iran.
WTI crude oil futures were trading in the morning around $90 per barrel with a fall of 1.18 per cent. Meanwhile, Brent crude oil futures were around $94 per barrel.
Asian markets traded largely higher on Wednesday, reflecting a positive global risk sentiment and easing geopolitical concerns. Japan’s Nikkei rose nearly 1%, while Australia’s ASX 200 posted modest gains. Chinese indices also edged higher, with both Shanghai and Shenzhen benchmarks advancing, indicating steady investor confidence in the region.
The rally was more pronounced in select markets, with South Korea’s KOSPI surging 3.4%, leading gains across Asia. Hong Kong’s Hang Seng also climbed over 1%, while Singapore’s STI and Thailand’s SET index posted moderate upticks.
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