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Sensex Surges 300 Points and Nifty Reclaims 24100 as Oil Drops on Iran Peace Signals
Economy
Published on 6 May 2026
A possible Iran breakthrough flips the oil move fast
Indian markets gained momentum on Wednesday, with the BSE Sensex rising nearly 300 points to 77,315 and the Nifty 50 holding above 24,100. “Risk-on” sentiment returned as crude oil prices fell sharply, reportedly after U.S. President Donald Trump signaled potential progress toward peace with Iran. Banking and IT led sectoral strength, lifting investor confidence after recent volatility.
- Sensex rose nearly 300 points to 77,315
- Nifty 50 stayed above the 24,100 mark
- Oil prices fell on Iran peace signals, boosting risk appetite
- Banking and IT helped drive sectoral gains
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This summarization was done by Beige for a story published on 
Republic