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Informist, Monday, May 25, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Mkts open up on US-Iran peace pact hopes, easing crude prices

 

MUMBAI--0943 IST--Benchmark indices opened sharply higher on renewed hopes of a peace deal between the US-Iran and the easing of crude oil to below $100 per barrel. The July futures of Brent crude oil were nearly 6% lower at $97.58. Asian markets opened higher and broader market indices were in the green as well.

 

At 0942 IST, the Nifty 50 was at 23935.95, up 216.65 points or 0.9%, and the BSE Sensex was at 76168.79, up 753.44 points or 1%. Eicher Motors was the top gainer among the Nifty 50 constituents, and was up nearly 5%. The Royal Enfield owner's consolidated net profit for the March quarter was above analysts' estimate. Eicher Motors was the top gainer in the Nifty 200 index as well. 

 

Financial services companies – Shriram Finance, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, SBI Life Inusrance Co., and Jio Financial Services rose around 1-3%. Banking heavyweight stocks HDFC Bank and ICICI Bank gained 2% and 1% respectively. Automobile companies Bajaj Auto, Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Maruti Suzuki India rose around 2-3%. 

 

On the other hand, Hindalco Industries was the worst hit among the Nifty 50. The metal company's March quarter bottom line was hit by one-time costs. Sun Pharmaceutical Industries and Oil and Natural Gas Corp. fell nearly 1?ch. Max Healthcare Institute, Grasim Industries, and NTPC were down 0.1-0.5%. 

 

All the broader market indices rose, the Nifty Midcap indices gained 0.7?ch, and the Nifty Smallcap indices were up over 1?ch. All the sectoral indices were positive as well. Nifty Auto was the top gainer among them, and was up over 2%.   

 

Oil marketing companies – Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp. gained around 4?ch after IOC hiked retail petrol prices by INR 2.61 to INR 102.12 per litre and diesel prices by INR 2.71 to INR 95.20 per litre in Delhi. 

 

Info Edge was the worst hit among the Nifty 200 constituents, down nearly 4%. Hindalco Industries and Oil India were down over 2?ch. In the Nifty 500, HFCl was the top gainer, up over 8%. Jubilant Pharmova was the worst hit in the Nifty 500, down nearly 5%. The company's consolidated net profit for Jan-Mar fell over 22% on year.  (Adhithya Aji)