Share Market Update: Sensex Climbs 600 Points, Nifty Crosses 12,200 Mark

The BSE benchmark Sensex soared 635 points on Thursday as global investors heaved a sigh of relief after the US-Iran conflict appeared to cool off. The 30-share BSE index surged 634.61 points, or 1.55 per cent, to finish at 41,452.35.

Similarly, the broader Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90. ICICI Bank was the top gainer in the Sensex pack, rallying 3.80 per cent, followed by SBI, M&M, IndusInd Bank, Maruti Suzuki, Asian Paints and Reliance Industries.

TCS, HCL Tech, NTPC and Sun Pharma were the only laggards, shedding up to 1.73 per cent. In the previous session, Sensex ended 51.73 points, or 0.13 per cent, down at 40,817.74, while Nifty shed 27.60 points, or 0.23 per cent, to finish at 12,025.35.

Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 515.85 crore, while domestic institutional investors purchased shares worth Rs 748.40 crore on Wednesday, data available with stock exchanges showed.

According to analysts, domestic investor sentiment turned positive after US President Donald Trump offered to “embrace peace” with Iran.

Further, market mood was also buoyed after China said its Vice Premier Liu He will visit Washington next week for the signing of an interim trade deal. Brent crude oil futures rose 0.40 per cent to USD 65.70 per barrel.

The rupee appreciated 26 paise to 71.43 per US dollar (intra-day). Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended up to 2.31 per cent higher. European markets too started with significant gains.

(With inputs from PTI)