Indian benchmark indices opened cautiously but quickly rebounded into positive territory despite heightened geopolitical tensions between Israel and Iran. As of 9:28 am, the BSE Sensex rose by 118.37 points to 81,701.67, and the Nifty50 gained 61.65 points, trading at 24,913.45.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, attributed the initial nervousness to the latest tweets by U.S. President Donald Trump and American defence activity in West Asia, suggesting that markets are factoring in an escalation. However, he noted that there’s no panic globally, with most investors believing the conflict might resolve without major economic fallout.
On the Sensex:
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Top gainers included IndusInd Bank (+5.05%), Maruti Suzuki (+2.10%), Mahindra & Mahindra (+1.97%), Bajaj Finance (+0.92%), and Titan (+0.76%).
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Losers included Adani Ports (−0.80%), Kotak Mahindra Bank (−0.70%), PowerGrid (−0.65%), Infosys (−0.45%), and Nestle India (−0.27%).
The broader market also showed strength:
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Nifty Smallcap rose 0.35%, Nifty Midcap 0.19%, while India VIX, a measure of market volatility, fell 0.39%.
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Sectoral gainers included Nifty Auto (+1.36%), Nifty Realty (+0.68%), and Nifty Consumer Durables (+0.60%).
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Sectors in the red were Nifty Media (−0.28%), Nifty IT (−0.17%), Nifty Metal (−0.16%), and Nifty FMCG (−0.01%).
Vijayakumar emphasized that despite high valuations, especially in the broader market, the underlying bullish trend remains intact, powered by strong liquidity and optimism about earnings recovery. He said the market has overcome past crises like the Covid crash in 2020 and is likely to weather the Israel-Iran conflict similarly, climbing "a wall of worries" once again.
