The Indian stock market witnessed a massive rally this morning after former US President Donald Trump claimed that Iran and Israel have agreed to a ceasefire. This development brought relief to global investors and led to strong gains across sectors, especially in public sector banks, energy, and IT.
The Sensex surged 955.83 points, trading up by 874.40 points at 10:34 AM, while the Nifty regained the crucial 25,000 mark, reaching 25,257.95 with a gain of 252.35 points.
PSU Banks Lead the Rally
A sharp rise was seen in public sector bank stocks following improved global cues and strong GDP projections for India due to normal monsoon forecasts. Key gainers include:
- Canara Bank: +2.74%
- Union Bank: +2.62%
- Maharashtra Bank: +2.56%
- UCO Bank: +2.50%
- Bank of Baroda: +2.35%
- PNB: +2.12%
- IOB: +2.03%
The BSE PSU Bank Index was up 2.25%, while buying was also seen in metal, energy, IT, and technology shares at low levels.
₹4.48 Lakh Crore Investor Wealth Gained
Thanks to the broad-based rally, investors’ wealth rose by ₹4.48 lakh crore in the morning session. A total of 174 stocks hit upper circuit, and 73 stocks touched their 52-week highs. On the BSE, out of 3,746 traded stocks, 2,768 advanced while only 799 declined, indicating strong market breadth.
Why the Market Jumped Today
- Trump’s claim of Iran-Israel ceasefire agreement
- Crude oil prices dropped by 7.2%
- S&P Global raised India’s GDP growth forecast to 6.5% for FY26
- Global stock market rebound in Asia, Europe, and the US
- US Fed signals possible interest rate cuts in July
Market experts say that geopolitical ease, falling crude prices, and positive macroeconomic indicators have created the perfect environment for a short-term rally. However, they also advise caution, as further confirmation on the ceasefire is still awaited.
