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 as auto and bank stocks supported. The risk sentiment also improved as the traders saw hope for de-escalation in the US-Iran war amid conflicting statements from both parties.
At the closing bell, the BSE Sensex closed higher by 1,372 points (up 1.8%)
Meanwhile, the NSE Nifty closed 445 points higher (up 1.9%)
Larsen, Eternal, and Bajaj Finance are among the top gainers today.
Power Grid Corp, on the other hand, was among the top losers today.
The GIFT Nifty was trading at 22,934, higher by 469 points at the time of writing.
The BSE 150 Midcap index is trading 2.4% higher, and the BSE 250 SmallCap index is trading 2.2% higher.
Sectoral indices are trading positively today, with stocks in the services sector and banking sector witnessing buying.
The rupee is trading at Rs 93.7 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 140,269 per gram.
Meanwhile, silver prices were trading 0.7% higher at 2,26,800 per 1 kg.
Four reasons why Indian share markets are rising:
#1 Easing Middle East Tensions Boost Sentiment
Comments by Donald Trump about ongoing US-Iran talks raised hopes of resolving conflicts in the Middle East. This improved investor confidence and lifted global market sentiment.
#2 Positive Global Market Trends
Strong gains in global markets, including the S&P 500, supported Indian equities. Optimism grew after news that the US delayed planned military action.
#3 Short Covering Lifts Markets
Traders bought back positions due to easing tensions, pushing markets higher. Support around 22,500 helped stabilize the Nifty 50 and attract buyers.
#4 Rupee Strengthens
The Indian rupee rose against the dollar as geopolitical concerns eased. A stronger rupee may reduce foreign investor outflows from the market.
SEPC Surges After Avenir Stake Approval
Shares of SEPC came into focus after the company's board approved the acquisition of Avenir International Engineers and Consultants LLC, Abu Dhabi.
SEPC has announced that it will acquire a 90% stake in Avenir International Engineers and Consultants through a share swap deal, valued at around Rs 15.30 billion (bn). The transaction is expected to be completed within six months, subject to approvals from lenders and shareholders.
This acquisition will help SEPC move beyond its domestic EPC business and enter the global oil and gas engineering, procurement, construction, and consulting space. By adding Avenir's expertise, the company will strengthen its international presence, especially in the Middle East and North Africa (MENA) region, where Avenir already has a strong footprint.
The deal will also improve SEPC's capabilities in high-value, technology-driven engineering services such as FEED (front-end engineering design) and project management consultancy.
HFL Expands Via Ultra Beauty Acquisition
Hindustan Foods Limited (HFL) has entered into a Business Transfer Agreement to acquire the business operations of Ultra Beauty Care Private Limited, located in Aurangabad, Maharashtra. This facility is involved in contract manufacturing of a wide range of ayurvedic, herbal, beauty care, and cosmetic products for large FMCG companies as well as emerging direct-to-consumer (D2C) brands.
The deal will be carried out on a slump sale and going concern basis, meaning HFL will take over the entire running business with its operations intact. The acquisition is expected to be completed by the first quarter of FY 2026-27, subject to certain conditions and approvals being met.
This move is an important step for HFL to strengthen its presence in the fast-growing beauty and personal care segment. It will allow the company to serve brands that require smaller, flexible production batches, especially for new product launches and niche offerings. This is particularly valuable for D2C brands that need quick and scalable manufacturing solutions.
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