Indian BSE Sensex and NSE Nifty closed modestly higher as softer oil prices and a strong dollar shaped market sentiment while investors tracked US‑Iran talks and a pending US‑China summit.
RTTNews reported that the benchmark 30‑share BSE Sensex rose 299.17 points, or 0.40%, to 74,828.25, and the NSE Nifty edged up 117.80 points, or 0.5%, to 23,446.80. The BSE mid‑cap and small‑cap indexes gained 0.6% and 0.7% respectively, with 2,811 shares advancing, 1,578 declining and 208 unchanged.
The modest gains were supported by softer crude‑oil prices, while a stronger U.S. dollar near a two‑month high—driven by Federal Reserve officials signalling possible near‑term rate hikes—limited upside. Media reports cited in the article suggested Iran could reopen the Strait of Hormuz within seven days if U.S. military pressure eases, and President Trump described a three‑hour meeting with an Iranian delegation in New York as productive, noting a potential deal after the midterm elections.
Among sector moves, Larsen & Toubro, Power Grid Corp, UltraTech Cement, ITC, Bajaj Finance and Tata Steel each rose 2‑3%, whereas IT stocks fell about 1% as concerns over AI disruption affected TCS, Infosys and HCL Technologies. Reuters‑cited sources indicated Saudi Arabia had restarted its East‑West oil pipeline and may have resumed exports from Yanbu after September 11 drone attacks.
The available reporting does not provide further detail on the likely impact of the upcoming U.S.-China summit or the longer‑term trajectory of oil prices and geopolitical developments.