Sensex zooms 635 pts; Nifty reclaims 12,200

Sensex zooms 635 pts; Nifty reclaims 12,200

A view of BSE building in Mumbai. (PTI PHOTO)

The BSE benchmark Sensex soared 635 points on Thursday as global investors heaved a sigh of relief after the US-Iran conflict appeared to cool off.

The 30-share BSE index surged 634.61 points, or 1.55 per cent, to finish at 41,452.35. Similarly, the broader Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90.

ICICI Bank was the top gainer in the Sensex pack, rallying 3.80 per cent, followed by Sun Pharma and Reliance Industries.

TCS, HCL Tech, NTPC and Sun Pharma were the only laggards, shedding up to 1.73 per cent.

According to analysts, domestic investor sentiment turned positive after US President Donald Trump offered to "embrace peace" with Iran.

Further, market mood was also buoyed after China said it's Vice Premier Liu He will visit Washington next week for the signing of an interim trade deal.

Brent crude oil futures rose 0.40 per cent to USD 65.70 per barrel.

The rupee appreciated 26 paise to 71.43 per US dollar (intra-day).

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended up to 2.31 per cent higher.

European markets too started with significant gains. 

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