Domestic equity indices surged by nearly four percent today, as oil prices declined following the announcement of a two-week ceasefire agreement between Washington and Tehran. The Sensex rose by 2,946 points to close at 77,563, while Nifty jumped by 874 points to settle at 23,997.
In the broader market on the National Stock Exchange, the Mid-cap 100 soared by over 4 percent, while the Small-cap 100 closed 4.4 percent higher. Earlier, the markets opened sharply higher, with a gain of over three percent, following the temporary ceasefire announcement. The indices maintained their gains throughout the session, supported by broad-based buying, and closed in the green for the fifth consecutive day.
Among the 30 companies in the Sensex, shares of 27 companies gained. Among the top performers, Indigo surged by nearly 8.2 percent, Larsen and Toubro climbed by over 7.6 percent, and Bajaj Finance rose by seven percent. In contrast, Tech Mahindra fell by over 1.5 percent, Sun Pharma lost 0.3 percent, and PowerGrid dipped by 0.2 percent. Among the sectoral indices at the BSE, all sectors ended in the positive territory.
Among the top gainers, Realty soared by nearly 6.8 percent, Auto climbed by over six and a half percent, and Mid-Small Private Banks jumped by more than 5.8 percent. The overall market breadth at the BSE was positive, as shares of 3,859 companies advanced, 537 declined, and 101 remained unchanged.