Mumbai: 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.
Top gainers and losers
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.
According to analysts, domestic investor sentiment turned positive after US President Donald Trump offered to "embrace peace" with Iran.
Global market
Further, the 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.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended up to 2.31 per cent higher.
European markets too started with significant gains.
Rupee vs Dollar
The Indian rupee appreciated by 48 paise to close at 71.21 against the US dollar as investors cheered easing tensions between the US and Iran.
Besides, a strengthening domestic equity market supported the rupee, dealers said.
At the foreign bank exchange, the domestic unit opened strong at 71.44 per dollar as against the previous day's close of 71.70. During the day, it traded in the range of 71.52 and 71.17 to the US currency.
"Rupee traded in the range of 71.52-71.17 after a strong gap up opening on the back of positive cues from the US and Iran as both hinted at want to be away from war with each other.
Meanwhile, crude benchmark Brent was trading 0.14 per cent higher at USD 65.53 per barrel.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 97.41.
Investors' wealth rises by Rs 2.25 lakh cr in market rally
Investors' wealth rose by Rs 2.25 lakh crore tracking improved sentiment in the equity market.
Led by the rally in the markets, market capitalisation (m-cap) of the BSE-listed companies advanced Rs 2,25,554.62 crore to Rs 1,57,06,155.38 crore.
From the 30-share pack, 26 companies closed with gains where ICICI Bank was the top gainer among the Sensex constituents, rallying 3.80 per cent, followed by State Bank of India, Mahindra and Mahindra, IndusInd Bank, Maruti Suzuki, Asian Paints and Reliance Industries.
In the broader market, the S&P BSE Midcap Index gained 1.51 per cent and Smallcap 1.55 per cent.
On the BSE, 1,820 companies advanced, while 752 declined and 208 remained unchanged.
Read more: World Banks pegs India growth rate at 5%
