Iran-Israel ceasefire triggers stock market rally; Sensex jumps 1,112 points, crude oil falls to $70

The recent ceasefire between Iran and Israel has had a significant positive ripple effect on global markets, including India’s stock exchange, which saw a strong rally on Tuesday. The easing of geopolitical tensions has not only restored investor confidence but also brought down crude oil prices, a key concern for import-dependent economies like India.

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The BSE Sensex surged by 1,112 points, marking a 1.34% increase, while the Nifty 50 jumped 332 points, reaching 25,250, crossing the 25,000 mark for the first time since October 4, 2024. This bullish sentiment was driven by a combination of reduced global risk and optimism around easing fuel prices.

In addition, the price of crude oil dropped to $70 per barrel, reversing the steep rise that followed the initial outbreak of the Iran-Israel conflict. With hostilities now paused and the energy supply chain no longer under immediate threat, commodity markets have begun stabilizing.

Market analysts noted that sectors sensitive to oil prices, such as aviation, logistics, and manufacturing led the rally. They also cautioned that while the current trend is positive, long-term stability depends on how firmly the ceasefire holds.