Sensex, Nifty Edge Higher on Muted Trade as US-Iran Sign Peace Deal
Indian benchmark indices traded with marginal gains on Thursday after a four-session bull run. The BSE Sensex climbed to an intraday high of 77,320, up 0.2 percent, while the NSE Nifty rose to 24,139, gaining 54 points. Market breadth remained positive, with 1,832 stocks advancing against 1,165 declines on the National Stock Exchange.
Max Healthcare emerged as the top performer with gains exceeding 5.6 percent. Automobile stocks also advanced, with Eicher Motors rising 1.4 percent and Tata Motors gaining 0.4 percent. However, information technology stocks led declines, with Infosys falling nearly 2 percent. Among sectors, Nifty Media rose 1.2 percent while Nifty Consumer Durables fell 0.6 percent.
The modest market gains came as the United States and Iran signed a peace memorandum addressing geopolitical tensions, including reopening the Strait of Hormuz and ending military hostilities.
