Indian equity markets surged over 2% on the first trading day of fiscal 2026-27, driven by de-escalation hopes in West Asia. The BSE Sensex jumped 1,911.93 points to 73,859.48, while NSE Nifty 50 climbed 581.15 points to 22,912.55. All Nifty 50 constituents posted gains, with Trent leading at 6.70% and defence stocks like BEL surging 6.13%. Global optimism stemmed from Iranian President Pezeshkian's signals to end hostilities with the United States and Trump's indication of scaling back American forces in the Strait of Hormuz. Brent crude eased below $105, benefiting India's energy-dependent economy. Wall Street delivered its best day since May, with the Dow Jones up 2.49%, S&P 500 rising 2.91%, and Nasdaq climbing 3.83%. Asian markets followed suit, with South Korea's Kospi gaining over 5% and Japan's Nikkei up 3%, creating a strong global tailwind for Indian markets.
