- Indian benchmark indices closed higher, driven by FMCG and oil stocks.
- Investor sentiment improved due to positive geopolitical developments.
- Easing tensions in the Middle East boosted global market optimism.
The Indian benchmark indices ended higher as the Sensex gained 504 points to settle at 78,493.54 and the Nifty rose over 156 points 24,353.55 points at 3:30 PM.
Indian benchmark indices continued their upward momentum on Friday, supported by gains in FMCG and oil and gas stocks, as improving geopolitical signals buoyed investor sentiment.
Benchmarks Rise On Sectoral Strength
The Nifty 50 advanced 0.36 per cent, or 74.25 points, to 24,266.80, while the Sensex rose 0.40 per cent, or 291.28 points, to 78,279.96 during the session.
The gains were led by strength in FMCG and oil and gas stocks, helping sustain the positive trend in domestic equities.
Geopolitical Signals Lift Sentiment
Investor confidence remained firm amid signs of easing geopolitical tensions.
U.S. President Donald Trump reiterated that the war with Iran could end soon. He also stated that Lebanon and Israel have agreed to a 10-day ceasefire. Reports suggest that Israel halting its attack on Lebanon was a key condition set by Iran for de-escalation.
Meanwhile, the U.S. and Iran are scheduled to hold discussions over the weekend, further boosting optimism in global markets.
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