Indian equity markets staged a robust rally on Wednesday, with benchmark indices posting broad-based gains that defied escalating geopolitical tensions between the US and Iran.
The BSE Sensex surged nearly 600 points, or 0.80%, to reach an intraday high of 77,641.86, while the Nifty 50 climbed more than 150 points, or 0.70%, to 24,218.15.
The rally was characterized by healthy buying across mid- and small-cap segments, reflecting investor confidence in domestic macroeconomic fundamentals despite external risks.
The market’s resilience comes as a counterpoint to recent volatility driven by shipping disruptions in the Strait of Hormuz.
While Iran has threatened forceful responses to tankers deviating from approved routes, creating uncertainty for global energy supplies, Indian investors appear to be prioritizing local economic data over geopolitical noise.
This divergence highlights a growing decoupling of Indian equities from broader emerging-market risk sentiment, as domestic liquidity and corporate earnings support valuations.