India’s BSE Sensex closed about 1.4% higher at 76,489 on Monday, its strongest finish since early May and the second consecutive session of gains. Sentiment improved on growing expectations of a potential US–Iran peace agreement and easing crude oil prices.
US President Trump said Washington and Tehran had “largely negotiated” a memorandum of understanding on a peace deal that would effectively reopen the Strait of Hormuz, though officials on both sides have tempered expectations of any imminent breakthrough.
Heavyweight financials led the advance. Private sector lenders HDFC Bank and ICICI Bank each climbed 2.6%. Other notable gainers included Bajaj Finance, Zomato (listed as Eternal), L&T, Bajaj Finserv, State Bank of India, Kotak Mahindra Bank and Mahindra & Mahindra, all rising between 2% and 3%. In contrast, Infosys, TCS, Hindustan Unilever and Sun Pharma registered slight declines.
