Sensex Soars 2,775 Points as Geopolitical Calm Sparks Energy Rally

Markets Surge on Geopolitical Relief Indian equity markets delivered their strongest single-day performance in months, with the BSE Sensex jumping 2,775 points (3.72%) to close at 77,392, while the Nifty 50 crossed the psychologically important 23,850 mark with a gain of 2.89%. The rally was triggered by reports of easing regional tensions and the potential reopening of critical shipping routes, immediately alleviating fears of prolonged crude oil supply disruptions that had weighed on markets for weeks. The broad-based rally saw market capitalization increase by approximately ₹12.8 lakh crore in a single session, with energy and aviation sectors leading the charge. Foreign institutional investors, who had been net sellers for the past fortnight, turned net buyers with inflows exceeding ₹3,200 crore, signaling renewed confidence in emerging market assets as geopolitical risk premiums compressed. Energy Stocks Power Market Momentum NSE: RELIANCE emerged as the primary driver of the Sensex rally, contributing over 890 points to the index gain with its 4.8% surge to ₹1,342. The oil-to-chemicals giant's refining margins are expected to benefit significantly from normalized crude supply chains, with analysts projecting a potential 15-20% improvement in petrochemical spreads over the next quarter. State-owned energy majors posted exceptional gains, with NSE: ONGC rallying 7.2% to ₹284, NSE: IOC advancing 6.9% to ₹178, and NSE: BPCL climbing 8.1% to ₹312. The upstream oil producers particularly benefited as Brent crude futures corrected nearly 4.2% to $78.6 per barrel, while simultaneously reducing input cost pressures for downstream refiners. ONGC's production economics improve substantially with crude prices in the $75-85 range, optimizing both revenue realization and operational efficiency. The energy sector's outperformance was remarkable when compared to broader market gains. While the Nifty Energy index surged 5.7%, it significantly outpaced the Nifty Auto (2.1...