Sensex and Nifty Surge as Crude Oil Declines Amid Geopolitical Relief

Sensex and Nifty Surge as Crude Oil Declines Amid Geopolitical Relief​

Mumbai, March 25 – The benchmark indices, Sensex and Nifty, continued their upward trajectory in early trading on Wednesday, bolstered by a sharp decline in crude oil prices and positive sentiment across Asian markets.
The 30-share BSE Sensex jumped by 885.32 points to 74,953.77, while the 50-share NSE Nifty surged by 307.65 points to 23,220.05.
Mahindra & Mahindra, UltraTech Cement, Adani Ports, HDFC Bank, Trent, and Eternal were among the top-performing stocks on the 30-share Sensex. Tech Mahindra and Infosys were the laggards.
Brent crude, the global oil benchmark, experienced a 4.34 per cent decline, falling to USD 99.95 per barrel.
Asian markets, including the Kospi of South Korea, the Nikkei 225 index of Japan, the SSE Composite index of Shanghai, and the Hang Seng index of Hong Kong, were trading in positive territory. The US market closed lower on Tuesday.
Hariprasad K, Research Analyst and Founder, Livelong Wealth, noted that Asian markets were driven by comments from US President Donald Trump suggesting the possibility of negotiations between the United States and Iran, fueling hopes for a de-escalation in Middle East tensions. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd., highlighted the positive geopolitical developments, citing Iran’s reiteration that “non-hostile ships can transit the Strait of Hormuz” as a mitigating factor for India’s energy concerns.
Foreign Institutional Investors (FIIs) sold equities worth Rs 8,009.56 crore on Tuesday. Domestic Institutional Investors (DIIs) bought stocks worth Rs 5,867.15 crore.
The market’s gains reflect optimism surrounding potential diplomatic engagement in the West Asia conflict, as indicated by statements from US President Donald Trump and the Iranian regime. However, analysts cautioned that the situation remains fluid, with Iran denying formal talks.