Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, ended near their day's high for the second consecutive session as investor sentiment improved after US President Donald Trump reiterated that the discussions to put an end to war in the Middle East are on.
Please note that markets will remain closed on Thursday, 26 March 2026, on account of Ram Navami.
At the closing bell, the BSE Sensex closed higher by 1,205 points (up 1.%)
Meanwhile, the NSE Nifty closed 392 points higher (up 1.7%)
Trent, Bajaj Finance, and Titan Company are among the top gainers today.
Tech Mahindra, TCS, Bharat Elec, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,358, higher by 411 points at the time of writing.
The BSE 150 Midcap index is trading 2.3% higher, and the BSE 250 SmallCap index is trading 2.4% higher.
Sectoral indices are trading positively today, with stocks in the metal sector and realty sector witnessing buying.
The rupee is trading at Rs 93.9 against the US$.
Gold prices for the latest contract on MCX are trading 3% higher at Rs 143,580 per gram.
Meanwhile, silver prices were trading 4.7% higher at 2,34,500 per 1 kg.
Four reasons why Indian share markets are rising:
#1 Crude Oil Decline
Crude oil prices dropped below $100 per barrel, which is a positive sign for markets. Lower oil prices reduce costs for companies and ease inflation worries. This boosts investor confidence and supports stock market gains.
#2 Firm Global Cues
Major Asian markets like Japan, South Korea, China, and Hong Kong were trading higher. Positive signals from global markets often lift investor sentiment everywhere. Strong global trends encourage buying in local markets too.
#3 US-Iran Ceasefire Hopes
There are signs that tensions between the US and Iran may reduce soon. This possibility of peace lowers fears about disruptions in oil supply. As uncertainty decreases, investors feel more confident about the market.
#4 India VIX Declines
India VIX, which measures market fear, has gone down slightly. A lower VIX means investors expect less volatility and risk. This stability usually encourages more investment in stocks.
L&T Shares Surge on Assam Project Win
Shares of L&T came into focus after the company said that it has secured a significant order for its water and effluent treatment (WET) business from the Guwahati Metropolitan Drinking Water & Sewage Board for a water management project in Assam.
The company said the project will provide round-the-clock safe and continuous water supply to households in South-East Guwahati, improving the city's overall water reliability.
The work includes designing, supplying, installing, constructing, testing, and commissioning key infrastructure. This covers a barge-mounted intake system, water pipelines, treatment plant, reservoirs, pumping stations, and a full distribution network with household connections.
Avantel Shares Rise on New Contract Win
Shares of Avantel came into focus on Wednesday after the company announced that it had received a contract from Zetwerk Manufacturing Businesses.
The company's share price moved higher after it announced securing a rate contract worth Rs 4.59 billion (bn), excluding taxes.
The deal involves supplying satellite communication equipment, along with one year of full onsite warranty and five years of annual maintenance support (AMC), as per the filing.
This order falls under manufacturing and maintenance services and will be completed over a three-year period.
Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors.
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