Sensex up 787 pts as Iran‑US ceasefire talks calm oil
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- Sensex closed 787 points higher at 74,107, adding over Rs 5 lakh crore to total market cap, pushing it above Rs 428 lakh crore.
- Nifty 50 rose 255 points (1.12%) to 22,968, with most sectoral indices in the green except Nifty Oil & Gas, which fell over 1%.
- Iran‑US ceasefire framework was reported, with Pakistan’s two‑tier plan (immediate ceasefire + comprehensive agreement) shared with Iran and the US, and Pakistan’s army chief Asim Munir in contact with US Vice President JD Vance, envoy Steve Witkoff and Iranian FM Abbas Araqchi to finalize it.
- Trump threatened to “escalate strikes” on Iran in a Truth Social post, prompting Iran’s parliament speaker to warn Washington of being dragged into a “living HELL”.
- Oil prices slipped after the ceasefire news, with Brent crude futures down about 1% to $108 per barrel and WTI crude futures down about 2% to $109 per barrel.
- Rupee closed near‑unchanged at 93.06 per dollar, after a recent bounce from a record low of 95.21, while the RBI barred banks from offering rupee non‑deliverable forwards.
- FIIs continued net selling for the 23rd straight session, off nearly Rs 9,931 crore on Thursday, weighing on investor sentiment.
Why it matters: The rally adds roughly Rs 5 lakh crore to market capitalisation, rewarding gainers such as Trent, Titan and banks, while Reliance and oil‑related stocks lag; at the same time, foreign institutional investors sold nearly Rs 9.9 crore of shares, indicating lingering risk‑off pressure despite the upbeat move.
