According to BSE data, the BSE Sensex finished at 74,828, a 299‑point climb, while the NSE Nifty closed at 23,447, up 118 points, marking a two‑week high.
Metal names led the rally: Tata Steel surged 6% to ₹1,019.50, JSW Steel and Hindalco lifted 3% each, and SAIL added 6% as domestic rebar prices climbed 8% in the last week, per commodity reports.
Financials also found footing: Bajaj Finance rose 3% after a positive brokerage report; PB Fintech leapt 5% on expectations of an IRDA paper; IDFC First Bank edged 3% following a UBS upgrade, per market data.
Market sentiment was buoyed by a 3% drop in global crude prices and optimism around US‑Iran talks, which lifted risk‑off sentiment and pushed the Nifty Bank up 333 points to 56,549, according to NSE index data.
Tata Steel will report Q2 earnings on May 26, with analysts projecting a 12% revenue rise; investors will watch the company’s guidance for any shift in capital expenditure plans, per the company’s earnings calendar.