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News Topical, Digital Desk : Share Market Rally: After the ceasefire between Iran and Israel, the stock market continues to rise. On Thursday, the stock market made a hat-trick of gains. Sensex, Nifty closed with a great gain. On Thursday, Nifty closed at 25,549, up 304 points, while Sensex closed at 83,756, up 1,000 points. Earlier, US President Donald Trump said during the NATO conference in the Netherlands that talks with Iran are possible next week and a new agreement can be reached to stop the nuclear program. The stocks which saw a rise on Thursday include Bharat Electronics (BEL), Tata Steel, Eternal, Bharti Airtel, Bajaj Finance and Adani Ports. Let us know what are the major reasons behind the rise in the market.
The market is witnessing a boom after the talks between the US and Iran reduced
tensions between Iran and Israel . US President Donald Trump said at the NATO summit in Hague on Wednesday that talks with Iran are likely next week and he has indicated the possibility of a new agreement to stop Iran's nuclear program. Market experts say that the risk-taking tendency in global markets has increased due to the ceasefire between Iran and Israel . However, the gains may be limited if the US-China tariff dispute is not resolved.
Strong global signals Asian markets were mostly in the green on Thursday . Japan's Nikkei 225 and China's Shanghai Composite were trading higher. Although there was slight volatility in the US markets, futures have indicated a positive start for the US markets.
Strength in rupee In early trade, the rupee strengthened by 21 paise to 85.87 against the US dollar. The rupee got support due to weakness in the dollar. A strong rupee is generally considered positive for equities as it eases import-related cost pressures and supports foreign investor sentiment. However, gains were limited due to a rise in crude oil prices and selling by foreign investors.
Resilience of domestic economy The Reserve Bank of India said in its June bulletin that activity in the industry and services sectors remained strong, even though global uncertainties persist. The RBI said that "global economic conditions remain volatile, but India's macroeconomic position appears strong."
Buying in big stocks Shares of Bharti Airtel and Reliance Industries rose up to 2 per cent. Buying in these large-cap stocks supported the market. Nifty Bank touched a 52-week high of 57,076.95 on Thursday. HDFC Bank hit a new high and Bank Nifty is up 12 per cent so far in 2025.
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