Sensex and Nifty Surge Amid Optimism Over US-Iran Talks
Sensex, Nifty trade with strong gains; media shares surge
Business Standard
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The S&P BSE Sensex rose by 484.73 points to 79,005.03, while the Nifty 50 increased by 128.70 points to 24,493.40, driven by positive investor sentiment and easing crude oil prices. Media shares saw significant demand, marking five consecutive days of gains.
- 01S&P BSE Sensex increased by 484.73 points to 79,005.03.
- 02Nifty 50 index rose by 128.70 points to 24,493.40.
- 03Media shares surged, with the Nifty Media index up 6.48% over five days.
- 04Brent crude oil prices fell to $94.79 per barrel.
- 05India's Index of Eight Core Industries declined by 0.4% in March 2026.
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The Indian stock markets opened strongly, with the S&P BSE Sensex gaining 484.73 points or 0.62% to reach 79,005.03, and the Nifty 50 index rising 128.70 points or 0.53% to 24,493.40. This positive momentum was fueled by optimism over potential peace talks between the US and Iran, along with a decline in crude oil prices, which fell to $94.79 per barrel. The broader market also performed well, with the BSE 150 MidCap Index up 0.80% and the BSE 250 SmallCap Index increasing by 1.11%. Notably, the Nifty Media index surged 1.34%, marking a total increase of 6.48% over five consecutive trading sessions, driven by strong performances from companies like PVR Inox and Zee Entertainment Enterprises. However, India's Index of Eight Core Industries reported a 0.4% decline in March 2026 compared to the previous year, indicating challenges in sectors such as fertilizers and crude oil.
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The rise in stock indices can boost investor confidence and potentially lead to increased consumer spending, benefiting various sectors.
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