Noida, May 25 (APAC Media): Indian equity benchmarks ended sharply higher on Monday, tracking positive global cues, easing crude oil prices, and sustained buying in banking and capital goods stocks.
The BSE Sensex surged over 1,000 points during the session, while the Nifty 50 reclaimed the 24,000 marks, extending gains across large-cap and broader market indices. Investor sentiment remained upbeat throughout the trading day, with strong participation seen across sectors.
The rupee strengthened to around 95.22 against the US dollar, rising about 0.45%, supported by improved global risk appetite.
Sentiment in currency markets improved amid easing concerns over the US–Iran standoff, with reports indicating progress toward a potential peace framework and renewed expectations of the Strait of Hormuz reopening.
However, uncertainty remained elevated after remarks from US President Donald Trump indicated that the blockade of the Strait of Hormuz would persist until a final agreement is formally signed, keeping market sentiment cautious despite ongoing positive signals from negotiations.
Asian equities advanced on Monday, with Japan’s Nikkei index jumping more than 2.5% by around 0030 GMT. Sydney-listed shares also posted modest gains, while markets in Hong Kong and Seoul remained closed for public holidays.
Sentiment was tempered, however, after US President Donald Trump downplayed expectations of a near-term breakthrough to end the conflict. In a social media post on Sunday, he said he had instructed his representatives not to rush negotiations, adding that “time is on our side.”
Market participants attributed the rally to easing geopolitical tensions following progress in US–Iran negotiations, a decline in crude oil prices, and supportive global equity trends. A softer bond yield environment and stable currency movement also aided risk appetite.
Broader markets outperformed in line with large caps, with mid-cap and small-cap indices also closing higher.
Analysts said the sustained rally was driven by improving macro sentiment and foreign fund inflows, although they cautioned that key resistance levels on the Nifty may trigger near-term consolidation.
Global equities remained supportive, with continued strength in US markets and easing commodity prices boosting investor confidence worldwide.
Market observers will closely track upcoming macroeconomic data and global developments for further cues on near-term direction.
Disclaimer: Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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