The SENSEX Index Closes 0.54% Higher

India’s BSE Sensex closed about 0.5% firmer at 73,9188 on Tuesday, recovering from two consecutive sessions of losses, as traders welcomed a pause in Iran-Israel hostilities and supportive measures from the Reserve Bank of India. Iran and Israel said they had paused military strikes against each other following an appeal by US President Trump, which prompted a pullback in oil prices. Meanwhile, the RBI rolled out a concessional foreign-exchange swap facility designed to pull more overseas dollars into the financial system. The measure should ease forex pressure on banks by removing foreign exchange holding costs, lowering funding costs, and strengthening liquidity positions. Strong buying was seen across banks and financials, with ICICI Bank and Axis Bank rising around 2% each. SBI gained 2.1% on reports of a planned SBI General Insurance listing, while Bajaj Finance added 1.8%. IndiGo surged 4%, after brokerages reiterated a positive medium-term view on the airline.

The SENSEX Index went up by 395 points or 0.54 percent on Tuesday to close at 73919 points. The rise was led by Indusind Bank (3.35%), Axis Bank (2.07%) and ICICI Bank (1.89%). On the downside, the weakerst performers were Titan Company (-2.20%), NTPC (-1.82%) and Power Grid (-1.65%).

India’s BSE Sensex rose about 0.4% to 73,801 in early trade on Tuesday, recovering from two consecutive sessions of losses as easing geopolitical tensions and supportive measures from the Reserve Bank of India boosted sentiment. Israel and Iran reportedly halted attacks on each other, easing fears of a broader regional conflict and pushing crude oil prices lower. Domestic sentiment was further supported after the RBI unveiled details of a concessional forex swap facility, allowing banks to hedge overseas borrowings of at least three years at lower cost. The measure is expected to reduce funding costs and enhance the appeal of foreign-currency borrowing for lenders. Financial stocks led the advance, with the banking and financial services indexes each gaining around 1%. Among financial names, BSE, ICICI, Canara, MCX, and Bajaj Finance gained between 1% and 2.6%, while IDFC and Master Trust climbed 4.1% and 4.7% respectively. On the downside, NLC (-3.9%), and Infosys (-1.2%) fell.