6 May 2026, 08:43 India: Sensex Recovers on US-Iran Deal Optimism.
India’s BSE Sensex rose about 0.4% to 77,314 on Wednesday, recovering from prior losses as easing oil prices, driven by optimism over a potential US-Iran peace deal signaled by President Donald Trump, lifted sentiment. The US has paused parts of its military operations in the Strait of Hormuz under “Project Freedom” as negotiations with Iran show progress, though Tehran has not yet responded. Among individual stocks, Coforge climbed 8.2% on stronger quarterly performance, while SRF gained 4.1% on robust results and expansion plans. Hero MotoCorp rose 2.3% after reports it may extend gains following a March-quarter profit beat. Other notable gainers included Netweb (+4.8%), HFCL (+3.8%), ICICI Bank (+0.6%), and Ideaforge (+4.3%). On the other hand, key laggards included Larsen & Toubro, which fell 3.6% after reporting a quarterly profit decline due to Middle East disruptions and guiding for slower FY2027 revenue growth, followed by Meesho (-3.2%), Cupid (-4.6%), and Adani Power (-1%).
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