D-Street is bouncing back! Sensex jumps 700 points as geopolitical tensions ease. What’s behind the rally? Let’s break it down.
After days of volatility, markets surged today as Iran and Israel agreed to a ceasefire.
Sensex closed up 700 points at 82,755, while Nifty gained 200 to end at 25,244.
IT, auto, and consumer durables led the charge as risk appetite returned.
Sectors + gainers and losers
Top gainers? Titan (+3.66%), M&M, and Grasim.
Among midcaps, Kirloskar Brothers soared over 19%, while Jai Balaji Industries surged 15%.
Biggest losers? BEL (-2.9%) and Kotak Mahindra Bank (-1.3%).
Global Markets, Rupee and Crude
Globally, markets rallied—Hang Seng, Nikkei, and Dow all in the green.
The rupee held steady at 86.10 after a strong rally yesterday.
Meanwhile, crude oil remains soft despite a slight uptick, still near multi-week lows.
With global risk easing, bulls are back on D-Street.
Will this rally last or is it just a relief bounce? Let’s wait and watch…
Keep listening to ET Markets Radio for more.
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