Indian equity benchmark indices staged a sharp rebound in early trade on Tuesday, tracking a broader global rally after Donald Trump announced a temporary halt to strikes on Iran’s energy infrastructure, easing geopolitical concerns.
The 30-share BSE Sensex surged 1,516 points to 74,212.47 during the opening session, while the 50-share NSE Nifty 50 climbed 386.95 points to 22,899.60.
The upbeat momentum was largely driven by improved investor sentiment globally after the US administration signaled a pause in military escalation in West Asia. The development comes amid heightened tensions around the strategically vital Strait of Hormuz, a key artery for global oil supply.
On the sectoral front, gains were broad-based. Among Sensex constituents, InterGlobe Aviation, Asian Paints, Adani Ports and Special Economic Zone, Trent Limited, and Larsen & Toubro emerged as the top gainers, reflecting strong buying interest across aviation, infrastructure, and consumption-linked stocks.
In contrast, Power Grid Corporation of India was the only laggard in early trade.
In a statement on social media, Trump said the United States would extend the deadline for Iran to reopen the Strait of Hormuz and would hold off on targeting Iranian energy sites for five days. The move is being interpreted by markets as a de-escalation signal, reducing immediate risks to global oil supplies and inflationary pressures.
Analysts noted that easing geopolitical tensions, coupled with stable crude oil prices, have provided a much-needed boost to equities, particularly in emerging markets like India.
Market participants will continue to monitor developments in West Asia, currency movements, and crude oil trends for further cues throughout the trading session.
