Indian markets extended gains on Tuesday as geopolitical tensions eased and crude oil prices retreated sharply. The Sensex climbed 640 points to close at 78,206, while Nifty surged 234 points to 24,262, both posting solid gains. The rupee recovered from all-time lows, settling 38 paise higher at 91.83 against the dollar. Auto stocks led sectoral performance with a 2.21 percent jump, while banking and financial services also contributed positively. Broader market participation remained healthy with nearly three advances for every decline. Crude oil futures tanked over eight percent on de-escalation hopes in West Asia. The IT sector was the only laggard, declining 0.74 percent. Analysts attribute the rally to easing geopolitical concerns and Trump's signals of a quick resolution to regional conflicts. India declined the International Energy Agency's call to release strategic oil reserves.
