Bull Run in Markets: Sensex and Nifty March Towards Record Highs

Indian stock markets witnessed a strong rally on Monday after the United States-Iran peace agreement eased concerns over geopolitical tensions in West Asia. The reopening of the Hormuz Strait and a decline in global crude oil prices to a two-month low, near 80 dollars per barrel, boosted investor confidence across financial markets.

The BSE Sensex surged 1,128.66 points (1.49%) to 76,656.61, while the NSE Nifty 50 gained 350.40 points (1.48%) to trade at 23,973.30 during early trading. The sharp rise reflected positive sentiment among investors following improved global economic prospects.

Market volatility also eased significantly, with the India VIX falling 8.6% to 13.56. Broader market indices remained strong, as the Nifty Midcap 100 and Nifty Smallcap 100 advanced 1.3% each. The Nifty 500 index had already climbed 2.19% in the previous session, and all major sectors opened in positive territory.