The benchmark BSE Sensex opened with a surge of over 2,600 points, while the Nifty 50 climbed nearly 700 points, reflecting strong investor optimism after recent volatility.

The rally was triggered by a cooling of geopolitical risks after Donald Trump announced a temporary suspension of military operations against Iran. The development helped stabilise global energy markets, with crude oil prices dipping below the $100 per barrel mark.

Adding to the positive sentiment was Iran’s move to allow uninterrupted movement of ships through the Strait of Hormuz, a crucial passage for global oil supply. The easing of concerns over potential disruptions brought relief to investors, particularly in oil-importing economies like India.

The decline in oil prices is expected to have a favourable impact on inflation and fiscal stability, prompting buying interest across multiple sectors. Banking, energy, and infrastructure stocks led the early gains as traders responded to improving global cues.

However, market participants remain watchful ahead of the monetary policy announcement by the Reserve Bank of India, which is expected to provide direction on interest rates and inflation management.

In the commodities market, safe-haven assets witnessed a slight pullback. Gold prices edged lower, while silver also slipped marginally, as investors shifted focus towards equities amid improved risk appetite.

Analysts believe that while the immediate relief rally reflects optimism, the sustainability of the uptrend will depend on further geopolitical developments and domestic policy signals in the coming days.

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