Indian equity markets rallied on optimism over easing geopolitical tensions after US President Donald Trump indicated that the conflict with Iran could be nearing an end, boosting investor sentiment and risk appetite.
The benchmark indices ended the session on a strong note, with the Nifty rising 1.63 per cent, or 388.65 points, to close at 24,231.30.
The Sensex also gained 1.64 per cent, or 1,264 points, to settle at 78,111.24.
The rally was broad-based, with several heavyweight stocks leading the gains. Among the top performers on the Nifty were InterGlobe Aviation, Max Healthcare Institute, Power Grid Corporation of India and Eternal.
Broader markets outperformed the headline indices, reflecting strong participation from mid- and small-cap stocks.
The Nifty MidCap rose 2.20 per cent, while the Nifty SmallCap advanced 2.35 per cent.
On the sectoral front, construction-related stocks led the gains, with the Nifty Construction Durable index emerging as the top performer.
The IT and media sectors also saw strong buying interest indicating improved investor confidence in growth-oriented segments.
However, not all sectors participated equally in the rally. The Nifty PSU Bank index lagged the broader market, reflecting relative weakness in state-owned banking stocks.
Among thematic indices, capital markets, tourism and railway PSU stocks outperformed, while rural-focused and CPSE indices underperformed the broader trend.
(IANS)
