Sensex, Nifty Rally Over 1% on Easing Geopolitical Tensions; HDFC Bank, Reliance Lead Surge

Mumbai, June 26 – Equity benchmark indices extended their winning streak to a third consecutive session on Thursday, with both the Sensex and the Nifty rising over 1%. The uptrend was driven by improved global sentiment following easing geopolitical tensions and strong buying interest in index heavyweights like HDFC Bank and Reliance Industries.

Market Overview

The BSE Sensex surged 1,000.36 points, or 1.21%, to close at 83,755.87. In intraday trade, the index touched a high of 83,812.09, rising 1,056.58 points or 1.27%.

Similarly, the NSE Nifty jumped 304.25 points, or 1.21%, to settle at 25,549.00.

Top Gainers and Losers

Among the top performers on the Sensex were:

• Tata Steel
• Bajaj Finance
• Bharti Airtel
• Adani Ports
• Eternal
• Bajaj Finserv
• NTPC
• HDFC Bank
• Reliance Industries
• Axis Bank

Meanwhile, the laggards included:

• Trent
• State Bank of India
• Tech Mahindra
• Maruti Suzuki
• Mahindra & Mahindra

Global Market Snapshot

In Asia, Japan’s Nikkei 225 ended higher, while South Korea’s Kospi, Shanghai Composite, and Hong Kong’s Hang Seng finished in the red.

European markets were trading positively in mid-session deals, reflecting a broader recovery in sentiment. However, U.S. markets closed mixed on Wednesday, indicating caution ahead of upcoming macroeconomic indicators.

Crude Oil and Institutional Activity

Brent crude, the global oil benchmark, edged up by 0.18% to USD 67.80 per barrel.

In the institutional flow data:

• Foreign Institutional Investors (FIIs) sold equities worth Rs 2,427.74 crore
• Domestic Institutional Investors (DIIs) purchased shares worth Rs 2,372.96 crore, offering support to the markets

Previous Session Recap

On Wednesday, the Sensex had advanced 700.40 points (0.85%) to settle at 82,755.51, while the Nifty rose 200.40 points (0.80%) to end at 25,244.75.

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