Mkts log best weekly gain in over 5 years on Iran-US truce

Friday sees first net FPI inflows since the start of conflict

- SUNDAR SETHURAMAN

Domestic equities rallied on Friday, logging their best weekly gain in more than five years, as the United States-Iran ceasefire — although tentative — helped improved investor sentiment and eased concern over disruption in oil prices.

The Sensex and Nifty 50, the benchmark indices, were back in the black after remaining in the red for the previous six weeks.

The Sensex closed at 77,550, up 919 points, or an increase of 1.2 per cent, while the Nifty 50 ended at 24,051, gaining 276 points, which too is a spike of 1.2 per cent.

For the week, the Sensex advanced 5.8 per cent and the Nifty 5.9 per cent — their best weekly performance since February 5, 2021.

The market capitalisation of the BSE-listed firms rose on Friday by ₹6.4 trillion to ₹451.2 trillion ($4.87 trillion), taking the weekly increase to ₹28.9 trillion.

Investor confidence strengthened after the temporary ceasefire announced earlier in the week triggered a sharp decline in oil prices.

Brent crude fell about 12 per cent during the week — its steepest drop since the week ended June 27, 2025 — and was trading at $93.67 a barrel on Friday.

The decline offered relief to investors, who were worried about the inflationary impact of elevated energy prices.