Nifty 50 | Sensex Today | Stock Market Live Updates: The Nifty50 and Sensex rallied sharply as investor risk appetite improved after Donald Trump indicated that the conflict with Iran could be nearing resolution.
Among Nifty50 constituents, InterGlobe Aviation, Eternal, Max Healthcare Institute, and Power Grid Corporation of India emerged as the top gainers.
Broader markets also recovered from intraday lows, with the Nifty MidCap and Nifty SmallCap indices ending 2.16% and 2.30% higher, respectively.
On the sectoral front, the Nifty Consumer Durables index led the gains, while the Nifty IT and Nifty Media indices also outperformed. In contrast, the Nifty PSU Bank index lagged.
Among thematic indices, Nifty Capital Markets, Nifty India Tourism, and Nifty India Railways PSU outperformed, while Nifty Rural and Nifty CPSE indices underperformed.
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.