Indian shares surge over 3.5% on Iran ceasefire relief; Sensex eyes best day in 5 yrs

Indian benchmarks Nifty 50 .NSEI and Sensex .BSESN up 3.8% and 4%

Nifty 50 set for best daily pct rise since May 2025, while Sensex on course for best day since February 2021

Global sentiment boosted after Trump agrees to two-week ceasefire with Iran; Tehran says it will provide safe passage through Strait of Hormuz if attacks stop

Brent crude oil price drops to $94 per barrel O/R

All 15 major domestic sectors trade in green; heavyweight financials up 5.7%

Meanwhile, RBI kept key rates unchanged in first policy decision since Iran war began

Other rate-sensitives like auto .NIFTYAUTO, consumer durables .NIFTYCODU and real estate .NIFTYREAL soar 6.8% and 5.2%, 7%, respectively; real estate also supported by strong pre-sales updates

Auto stocks set for best day since April 9, 2020, while consumer durables headed for strongest session since October 7, 2021

Stocks with exposure to Middle East and oil prices lead gains; airline IndiGo INGL.NS surges 9.9%, while infra giant Larsen & Toubro LART.NS advances 7.2%