Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 surged as the risk appetite revived after the US President Donald Trump said that the war with Iran is nearing an end.
At the closing bell, the BSE Sensex closed higher by 1,264 points (up 1.6%)
Meanwhile, the NSE Nifty closed 388 points higher (up 1.6%)
Eternal, TCS, Power Grid Corp among the top gainers today.
Bharti Airtel, ICICI Bank, Axis Bank on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,226 higher by 349 points at the time of writing.
The BSE 150 Midcap index is trading 2.1% higher and the BSE 250 SmallCap index is trading 2.3% higher.
Sectoral indices are trading positive today with stocks in IT sector and services sector witnessed buying.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
The rupee is trading at Rs 93.3 against the US$.
You can also visit our live blog section for real-time updates and deeper insights into the market.
Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 1,54,010 per grams.
Meanwhile, silver prices were trading 1.3% lower at 2,49,400 per 1 kg.
Four reason why Indian share markets are rising:
Reports say the US and Iran may restart talks soon to resolve their conflict. Donald Trump mentioned discussions could happen in Pakistan within two days. This possibility of peace has made investors feel more confident and reduced market fears.
Oil prices have dropped, which is good for the economy and markets. Brent crude fell below $95 per barrel after recent declines. Lower oil prices reduce costs for countries like India and improve overall market sentiment.
Stock markets around the world are rising due to hopes of easing tensions. Indices in Asia and the US, like the S&P 500, have shown strong gains. This global positivity is helping boost investor confidence everywhere.
The Indian rupee has slightly increased in value against the US dollar. This is mainly due to falling oil prices and reduced geopolitical stress. A stronger rupee generally supports economic stability and market growth.
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Shares of ICICI Prudential Life came into focus after the company reported its Q4 FY26 results.
ICICI Prudential Life Insurance reported a strong performance in Q4 FY26, with net profit rising nearly 58% year-on-year to Rs 6.09 billion (bn) from Rs 3.86 bn in the same period last year.
The company's net premium income grew 17.17% YoY to Rs 191.8 bn during the quarter, reflecting steady business momentum.
Its Annual Premium Equivalent (APE) increased 9.37% to Rs 38.3 bn. APE represents the total of annualized first-year regular premiums and 10% of single premiums, giving a clearer view of new business growth.

Shares of Nuvoco Vistas Corporation came into focus after the company reported its Q4 FY26 results.
Revenue from operations grew 8.69% YoY to Rs 33.07 bn, showing steady business growth. Profits before tax rose 4.21% to Rs 2.33 bn, while EBITDA increased 6.11% to Rs 5.90 bn, the company's highest-ever fourth-quarter EBITDA.
Segment-wise, cement revenue rose 8.17% YoY to Rs 30.21 bn, while ready-mix concrete and other segments grew 9.07% to Rs 2.98 bn.
Its consolidated net profit declined about 15% year-on-year to Rs 1.41 bn from Rs 1.66 bn in the same quarter last year.
For the full year FY26, the company recorded sales volume of 20.4 million metric tonnes, up 5% YoY.
Premium products also gained traction, contributing 43% of sales, driven by strong demand for brands like Nuvoco Concreto and Nuvoco Duraguard.
To know what's moving the Indian stock markets today check out the most recent share market updates here.
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