Sensex up 753 pts, Nifty above 24,550 on US-Iran talks optimism

The Indian share market jumped nearly 1% on Tuesday, extending gains for the third consecutive session as cooling oil prices,broad-based buying across sectors,and reports of a second round of talks between the U.S. and Iran boosted investor sentiment.At close, the Sensex was up 753.03 points or 0.96 percent at 79,273.33, and the Nifty was up 211.75 points or 0.87 percent at 24,576.60.
Nestle India, HUL, Trent, ICICI Bank, Bajaj Finance were the top gainers on the Nifty, while losers included SBI Life Insurance, Bharat Electronics, Jio Financial, Dr Reddy's Labs and Titan Company.On the sectoral front,all the sectoral indices ended in the green with FMCG and Realty up 2% each, while bank, telecom up 1% each.Broader indices also ended higher with Nifty Midcap index up 0.5 percent and smallcap index rose nearly 1 percent.
Rupee Close:
On 21 Apr'26,the Indian rupee declined 32 paise to close at 93.48 against the US dollar on Tuesday, weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.
According to information,the Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the USD 100-million cap in net open position is still effective.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated amid hopes for progress in Iran–U.S. peace talks and supportive global cues, India’s equity markets rebounded strongly. FMCG and realty stocks led the rally, backed by solid earnings updates, while banking stocks gained after the RBI eased forex restrictions.Small caps outperformed broader indices.In the near term, investors are expected to remain focused on corporate earnings, which are tracking in line with expectations, while monitoring developments in the U.S.–Iran conflict and trends in the rupee and crude oil prices, where signals remain positive.
Market experts recommended five shares to buy on Tuesday- CESC, MM Forgings, Rashi Peripherals, Siemens Energy India, and Grindwell Norton.

(Business Correspondent)