Sensex Jumps 500+ Points Despite Iran-US Tensions; 3 Reasons Why The Stock Market Is Rising
Last Updated:July 09, 2026, 10:53 ISTIndia's benchmark indices rallied over 500 points despite rising crude oil prices and Iran-US conflict, driven by value buying, easing VIX, and FII inflow. Stock Market. . .
Last Updated:July 09, 2026, 10:53 ISTIndia's benchmark indices rallied over 500 points despite rising crude oil prices and Iran-US conflict, driven by value buying, easing VIX, and FII inflow. Stock Market Rises Despite Iran-US warDespite the rising crude oil prices and escalation of the Iran-US conflict, India’s key benchmark indices have rallied over 500 points on Thursday, after a 2 per cent fall on Wednesday. Value buying, easing of VIX (Volatility Index) and FII inflow weighs on improving the market risk on sentiment. BSE Sensex jumped over 530 points or 0. 68 per cent in the morning session to trade over 77,000, while Nifty 50 upped 156 points or 0. 62 per cent to over 24,029. Recommended Stories#EXPLAINED | What's Happening In The US-Iran Escalation After Strait Of Hormuz Attack? | News18US President Donald Trump Declares Ceasefire With Iran Over, Says Peace Deal Needed No More | News18Trump Ends Iran Ceasefire | Middle East Conflict | Iran's Military Resilience | Israel | News18When Will Petrol And Diesel Prices Go Down In India? Here's What Consumers Can ExpectBroader market is outperforming the benchmark indices intraday. Nifty Midcap 100 surged to 62,010 with a gain of 1. 12 per cent, while Nifty Smallcap 100 zoomed 1. 48 per cent to 19,061. On the sectoral front, Bank and FMCG were the top gainers, with both sectoral indices gaining over 1. 14 per cent and 1 per cent, respectively. The rally in the market comes despite crude oil prices rising to $78 per barrel after Iran and the US have exchanged a barrage of missiles and breached the ceasefire, prompting the closure of the Strait of Hormuz and cancellation of the oil contracts. IT Stocks remain the laggards, with Nifty IT index falling 2 per cent intraday. 3 Key Factors Playing Out The Role In Market Rally:1. India VIX EasesMeanwhile, India Volatility Index or popularly known as VIX, tanked 8. 95 per cent to 13. 37. 2. Value BuyingThe consolidation and correction phase for the past one and a half years has made quality stocks in the Indian market cheap and at the right valuation. Investors are looking to utilize the opportunity to hoard quality stocks at the right valuation after the previous session correction. “There are market indications that things may not deteriorate as feared. First, Brent at $80 is not a problem. It won’t create a BoP crisis. The crisis will reemerge only if the tensions lead to the closure of the Strait of Hormuz again and consequently crude spiking above $ 100. The present futures do not reflect such a pessimistic scenario. September crude is trading at $76, which means the market doesn’t believe that the situation will aggravate. Globally, markets haven’t panicked," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited as reported by Moneycontrol. 3. FII Buying ContinueForeign Institutional Investors (FIIs) remained net buyers of Indian equities for the fourth straight session on Wednesday, despite escalating tensions in the Middle East. They purchased shares worth Rs 1,963 crore during the session. Domestic Institutional Investors (DIIs) also returned as net buyers after a one-day break, investing Rs 790 crore in equities and lending further support to the broader market. News18 NewsletterHandpicked stories, in your inboxA newsletter with the best of our journalismAbout the AuthorVarun YadavVarun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I. . . Read MoreLocation :First Published:July 09, 2026, 10:52 ISTNewsbusinessmarketsSensex Jumps 500+ Points Despite Iran-US Tensions; 3 Reasons Why The Stock Market Is RisingDisclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to ourTerms of UseandPrivacy Policy. Loading comments. . . Read More