Sensex up 941 pts, Nifty at 24,331 amid US-Iran peace deal hopes

The Indian share market traded on a positive note on Wednesday amid buying across the sectors barring power and FMCG.Meanwhile, markets bounced back reversing early losses and rising over 1% after a report suggested that the US and Iran are nearing a deal to end the Middle East conflict, triggering a steep decline in oil prices that lifted investor sentiment.At close, the Sensex was up 940.73 points or 1.22 percent at 77,958.52, and the Nifty was up 298.15 points or 1.24 percent at 24,330.95.
Interglobe Aviation, Trent, Tata Motors Passenger Vehicles, Shriram Finance, Asian Paints were the top gainers on the Nifty, while losers included ONGC, L&T, Reliance Industries, Power Grid Corp and NTPC.On the sectoral front,except power, FMCG, energy, all other sectoral indices ended in the green with auto, media, private bank, PSU Bank, realty, metal, pharma up 1-2%.Nifty Midcap and Smallcap indices rose nearly 2% each.
Rupee Close:
On 6 May'26, the Indian rupee snapped five-day losing streak and ended 68 paise higher to close at 94.61 against the US dollar on Wednesday, according to information.
Trading Guide:
Market experts recommended five shares to buy on Wednesday: Manorama Industries, Aditya Birla Capital, Apollo Micro Systems, Syrma SGS Technology, and Gravita India Limited.

(Business Correspondent)