Stock Market
Sensex surges 1,200 pts, Nifty tops 23,300 as markets rally; experts warn of volatility
Mumbai/IBNS: The Indian stock market opened sharply higher on Wednesday, with the BSE Sensex rising over 800 points and the NSE Nifty 50 trading above 23,100, media reports said.
By 10:30 am, the Sensex had climbed 1,200 points, while the Nifty crossed the 23,300-mark.
The broad-based rally was led by realty, metals, and media stocks. Financial and auto sectors saw significant gains, while IT stocks remained the lone laggards.
The market surge follows US President Donald Trump sending a peace plan to Iran on Tuesday, expressing optimism about ending the conflict after Tehran announced it would not block “non-hostile” oil vessels in the Strait of Hormuz.
Trump also spoke with Prime Minister Narendra Modi about the Iran conflict, which has fueled global concerns over fuel supply shortages.
In a post on X, PM Modi said: “Received a call from President Trump and had a useful exchange of views on the situation in West Asia. India supports de-escalation and restoration of peace at the earliest. Ensuring that the Strait of Hormuz remains open, secure and accessible is essential for the whole world. We agreed to stay in touch regarding efforts towards peace and stability.”
Market expert Anil Singhvi, however, advised investors to remain cautious. Speaking to Zee Business, he suggested focusing on risk management, noting that global developments and weekly expiry may keep volatility elevated.
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