Indian equity markets surge over 2 percent as geopolitical tensions ease. The Sensex climbed 1,522 points to 74,218, while Nifty 50 advanced 451 points to 22,964 following Trump's decision to delay military strikes on Iran. Automobile, information technology, and financial stocks led the rally, each gaining between 2 and 2.5 percent. Broader market indices outperformed benchmarks, with midcap and smallcap indices rising more than 2 percent. Shriram Finance, InterGlobe Aviation, Eternal, Apollo Hospitals, and Eicher Motors emerged as top gainers among Nifty 50 constituents. Coal India and Power Grid were the only notable laggards. Market breadth remained firmly positive with 2,527 stocks advancing against 606 declines on the National Stock Exchange. The relief rally reflects investor optimism about reduced energy supply risks and easing global uncertainty.
