Rs 8L cr richer! Sensex zooms 1,100 pts, Nifty tops 24K. US-Iran truce among 5 drivers behind bull run

Indian benchmarks surged sharply with Sensex jumping over 1,100 points above 76,800 and Nifty reclaiming 24,000, adding nearly Rs 8 lakh crore to BSE-listed market cap (now ~Rs 470 lakh crore). The rally was driven by a US-Iran peace deal framework announced by President Trump, which reopened the Strait of Hormuz, sending Brent crude down ~5% to ~$83/barrel and WTI down 6% to $80/barrel. Global markets rallied in tandem — Nikkei up 5%, Kospi up 6% — while US Treasury yields fell and India VIX dropped 4% to 14.13.