Indian shares rise after Trump postpones Iran power grid strike
India's Nifty 50 .NSEI and BSE Sensex .BSESN rise 1.1% each, joining a fragile rally in Asian peers, after U.S. President Donald Trump postpones the bombing of Iran's power grid, citing productive talks with Tehran
Other Asian markets .MIAPJ0000PUS rise 1.6%, while Brent crude LCOc1 trades near $103 per barrel
All 16 major sectors advance; the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gain 1.3% and 1.5%, respectively
"Today's move shows that even a hint of de-escalation is enough to unwind extreme positioning across equities," says Viram Shah, co-founder and chief executive of Vested Finance
Caution prevails as Iran denies it engaged in negotiations with the U.S.
"Situation still remains fluid as supply disruptions and uncertainty around the Strait of Hormuz are still unresolved," Shah says
Among stocks, HDFC Bank HDBK.NS rises about 2% after appointing external law firms to review the resignation letter of former part-time chairman Atanu Chakraborty
Olectra Greentech OLEC.NS, JBM Auto JBMA.NS jump 6.5% and 7.2%, while Ashok Leyland ASOK.NS rises 1.5%, after the government says it would provide 10,000 air-conditioned e-buses to 116 cities by the end of 2027
