Markets Rise as De-Escalation Hopes Lift Indian Stocks at FY27 Start
Markets Rise as De-Escalation Hopes Lift Indian Stocks at FY27 Start
Indian stocks jump at FY27 open as de-escalation hopes in West Asia buoy sentiment; Sensex and Nifty notch strong gains amid easing oil prices and global optimism.
Indian benchmark indices opened FY27 with a broad rally, buoyed by fresh hopes of de-escalation in the West Asia conflict and easing crude prices.
Sensex rose 1,186.77 points (1.65%) to 73,134.32, while briefly climbing as much as 2,017.03 points to 73,964.58.
Nifty gained 348 points to end at 22,679.40, supported by gains across multiple sectors as energy concerns eased and risk appetite improved.
Oil prices easing further aided sentiment, with global markets tracking signs of potential de-escalation in the Middle East and a softening energy backdrop. Asian peers, including Korea and Japan, logged solid gains, while European markets traded in positive territory.
Foreign institutional investors reportedly offloaded 11,163.06 crore worth of Indian equities on Monday, underscoring that domestic inflows remain a variable even as the broader mood brightens.
Analysts said the rally reflects renewed risk appetite as investors price in the possibility of progress in West Asia and a more supportive energy environment, but they cautioned that the pace and durability of the move will depend on geopolitical developments and policy signals from global leaders.
As the new financial year begins, traders will be watching for further clarity on tensions in the region and any steps that could sustain the early-year momentum.
