Sensex and Nifty Rise Over 1.5% Amid US-Iran Peace Deal and Oil Price Decline
India's stock markets, represented by the Sensex and Nifty, gained over 1.5% for the week, buoyed by investor optimism following the US-Iran peace agreement and a decline in crude oil prices to a three-month low. Financial, consumer durable, and defence sectors led gains, while IT stocks declined due to weak global cues and lowered revenue forecasts. The rupee strengthened amid improved geopolitical conditions, though markets saw some consolidation on the last trading day.