The SENSEX Index Closes 1.50% Higher

India’s BSE Sensex closed about 1.4% firmer at 76,489 on Monday, the highest level since early May, marking the second day of advances. Investor sentiment improved amid rising hopes of a US-Iran peace deal and falling oil prices. US President Trump said Washington and Iran have “largely negotiated” a memorandum of understanding on a peace deal that would effectively reopen the Strait of Hormuz, although both US and Iranian officials have played down expectations of an imminent breakthrough. Heavyweight financials were the most benefited, with private lenders HDFC Bank and ICICI Bank rising 2.6% and 2.6%, respectively. Bajaj Finance, Eternal (Zomato), L&T, Bajaj Finserv, State Bank of India, Kotak Mahindra Bank and Mahindra & Mahindra were also among the top gainers, adding between 2–3%, while Infosys, TCS, Hindustan Unilever and Sun Pharma posted marginal losses.

The SENSEX Index went up by 1134 points or 1.50 percent on Monday to close at 76550 points. The rise was led by Bajaj Finance (2.99%), Tata Motors (2.86%) and Larsen & Toubro (2.75%).

India’s BSE Sensex opened about 1.1% higher at 76,252 on Monday, following gains from the previous session and tracking advances across Asian markets, as optimism over a potential US-Iran peace agreement eased concerns about global energy supply disruptions. Investor sentiment improved after reports that Washington and Tehran had largely negotiated a memorandum aimed at reopening the Strait of Hormuz. Meanwhile, FTSE announced that Tata Capital, Lenskart Solutions, LG Electronics India, Meesho, ICICI Prudential Asset Management, and Groww will be added to its FTSE All-World and FTSE All-Cap indexes effective June 22. Among the notable gainers were HFCL (+8.8%), Apollo (+5.8%), Eicher Motors (+5.3%), Sun Pharma (+5.5%), and InterGlobe (+ 2%). On the downside, Hindalco declined 2.1% after the company reported a surprise drop in quarterly profit due to higher expenses linked to disruptions at its US unit Novelis. Other laggards were MTAR (-2.1%), HBL (-2.2%), and Info Edge (-4.2%).