Indian equities climbed sharply Monday following the conclusion of a US-Iran agreement targeting Middle East tensions, triggering declines in bond yields and crude oil prices.
The agreement’s text is expected to be published after a signing ceremony in Switzerland on Friday.
The BSE Sensex advanced 1.5% to 76,664 while the NSE Nifty rose 1.4% to 23,955, reflecting broad-based optimism.
Technology and energy sectors led gains, with Mahindra & Mahindra, UltraTech Cement, and Maruti Suzuki India surging 3-5%.
State oil marketing entities BPCL, HPCL, and IOC increased 3-4% as oil futures dropped over 4% globally due to expected Strait of Hormuz reopening.
Vedanta rose 1.2% after its four demerged units listed on exchanges.
Power Grid Corporation secured an inter-state transmission project in Andhra Pradesh, contributing to its 1% gain.
NLC India advanced 1.7% following critical mineral acquisition in Telangana.
JSW Energy gained 1.3% after finalizing an acquisition in clean coal and power assets.
Nestle India increased 1.2% after addressing allegations regarding Maggi noodle safety.
