The SENSEX Index Closes 0.97% Higher

India’s BSE Sensex rose about 0.5% to 76,631 in early trade on Tuesday, extending gains for a third straight session, as improving risk appetite following a preliminary US-Iran peace agreement and the resulting sharp decline in crude oil prices lifted investor sentiment. Market sentiment also received support from improving foreign flows. Foreign portfolio investors turned net buyers of Indian equities on Monday after thirteen straight sessions of selling, with inflows of 2 billion rupees, while domestic institutional investors continued to provide strong support through sustained purchases worth 31.89 billion rupees. Notable gainers included MTAR (+2.3%), HSCL (+1.8%), Apollo (+2.5%), HFCL (+4.0%), Bajaj Finance (+2.2%), and HCL Tech (+3.1%). On the downside, major laggards were Hindalco (-3.7%), Multi Commodity Exchange (-1.5%), Vedanta (-1.2%), National Aluminum (-4.5%), and Ola Electric (-1.5%).

The SENSEX Index rose 736 points or 0.97 percent on Monday to close at 76264 points. Leading the gains are Eternal Limited (4.43%), Bajaj Finserv (3.59%) and Maruti Suzuki (3.30%). Top losers were NTPC (-1.58%), ICICI Bank (-0.95%) and Hindustan Unilever (-0.76%).

India’s BSE Sensex rose about 1.6% to 76,670 at the open on Monday, reaching its highest level since early May, as investors joined a broad global risk rally following reports of a breakthrough peace agreement between the US and Iran. The development boosted risk appetite ahead of a memorandum of understanding set to be signed in Switzerland on Friday, raising hopes of easing geopolitical tensions and reducing risks to global energy supplies. Brent crude prices also fell more than 4% to around $83 per barrel, the lowest since March. Meanwhile, investors are also monitoring the upcoming US Federal Reserve policy decision for signals on the future path of interest rates. Financials, technology, and consumer durables were among the top-performing sectors. Among individual stocks, HDFC (+2.3%), BSE (+3.5%), Billionbrains (+2.5%), IFCI (+2.9%), L&T (+3.5%), and Ashok (+5.2%) were notable gainers, while MTAR (-0.7%), Data Patterns (-2.9%), and Paras (-1.7%) declined