Sensex Hits Over 2-Week High

2026-05-06 10:45 By Luisa Carvalho 1 min. read

India’s BSE Sensex rose 1.2% to close at 77,958.5 on Wednesday, an over two-week high, recovering from prior losses.

Global market sentiment improved following a drop in crude oil prices after US President Trump claimed progress in negotiations with Iran toward an agreement to end the war.

Washington is reportedly nearing a one-page memorandum of understanding with Tehran to end the over two-month conflict.

The latest domestic data was also supportive.

India’s services sector grew more strongly than initially estimated in April, hitting a five-month high.

Moreover, the Indian government’s new credit-guarantee scheme, worth $1.9 billion, gave banks and airlines a lift, with the plan targeting companies heavily impacted by the Middle East crisis.

Airline InterGlobe Aviation climbed 6.6%, with banks also advancing significantly.

HDFC Bank added 3.1% after Reuters reported that law firms reviewing its governance are set to find no major lapses, paving the way for the CEO’s reappointment.



News Stream
Sensex Hits Over 2-Week High
India’s BSE Sensex rose 1.2% to close at 77,958.5 on Wednesday, an over two-week high, recovering from prior losses. Global market sentiment improved following a drop in crude oil prices after US President Trump claimed progress in negotiations with Iran toward an agreement to end the war. Washington is reportedly nearing a one-page memorandum of understanding with Tehran to end the over two-month conflict. The latest domestic data was also supportive. India’s services sector grew more strongly than initially estimated in April, hitting a five-month high. Moreover, the Indian government’s new credit-guarantee scheme, worth $1.9 billion, gave banks and airlines a lift, with the plan targeting companies heavily impacted by the Middle East crisis. Airline InterGlobe Aviation climbed 6.6%, with banks also advancing significantly. HDFC Bank added 3.1% after Reuters reported that law firms reviewing its governance are set to find no major lapses, paving the way for the CEO’s reappointment.
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India’s BSE Sensex rose about 0.4% to 77,314 on Wednesday, recovering from prior losses as easing oil prices, driven by optimism over a potential US-Iran peace deal signaled by President Donald Trump, lifted sentiment. The US has paused parts of its military operations in the Strait of Hormuz under “Project Freedom” as negotiations with Iran show progress, though Tehran has not yet responded. Among individual stocks, Coforge climbed 8.2% on stronger quarterly performance, while SRF gained 4.1% on robust results and expansion plans. Hero MotoCorp rose 2.3% after reports it may extend gains following a March-quarter profit beat. Other notable gainers included Netweb (+4.8%), HFCL (+3.8%), ICICI Bank (+0.6%), and Ideaforge (+4.3%). On the other hand, key laggards included Larsen & Toubro, which fell 3.6% after reporting a quarterly profit decline due to Middle East disruptions and guiding for slower FY2027 revenue growth, followed by Meesho (-3.2%), Cupid (-4.6%), and Adani Power (-1%).
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