Business • Jun 26, 2025

Sensex and Nifty soar amid easing Middle East tensions

The Indian stock market had a strong Thursday, with the Sensex jumping 509 points to 83,264 and the Nifty up 143 points at 25,388.
The rally came after news of a ceasefire between Israel and Iran boosted global confidence.
Banking stocks led the way—Nifty Bank hit a fresh all-time high during intraday trade.

TL;DR

Defense stocks boosted; Mobikwik surged 12%

Sector performance was mixed: Realty and Pharma dipped a bit, while Oil & Gas and Infra saw modest gains.
Defense stocks got a boost as NATO promised more defense spending.
Mobikwik surged 12% after a big equity deal, and Interglobe Aviation kept rising thanks to positive market vibes.
Meanwhile, India VIX edged up as traders stayed cautious ahead of F&O expiry.