Share Market Today: Nifty Crosses 24k as Crude Falls Below $98

Indian Stock Market Today | Indian equity benchmarks surged on Monday, May 25, 2026, closing near their intraday highs to log a second consecutive session of gains.

A steep fall in crude oil prices and a strong rebound in the Rupee—fueled by major progress in U.S.-Iran peace negotiations—sparked aggressive buying across banking and heavyweight stocks.

India VIX fell more than 6% during the session, indicating a softening of overall market anxiety.

At the Closing Bell:

• BSE Sensex: Surged 1,074 points to close at 76,489
• Nifty 50: Jumped 312 points to settle at 24,032
• Nifty Bank: Soared 1,238 points to finish at 55,294

Broader Markets Join the Rally

Buying momentum was widespread, leaving the Nifty FMCG index (down 0.18%) as the sole sectoral loser.

The NSE Advance-Decline ratio finished strongly in favour of gainers at 2:1.

• Nifty Midcap 100: Gained 0.9%
• Nifty Smallcap 100: Jumped 1.4%

Why Did the Indian Stock Market Rise Today?

The five big triggers behind today's rally were:

1. Optimism over a potential US-Iran deal

Global sentiment turned deeply optimistic after U.S. President Donald Trump stated that Washington and Tehran have "largely negotiated" a peace deal.

The agreement aims to reopen the critical Strait of Hormuz, though Trump clarified the U.S. naval blockade will remain until a formal signing.

2. Sharp Fall in Crude Oil Prices

Brent crude plunged over 5%, slipping below $98 per barrel and breaching the $100 mark for the first time in more than two weeks.

A sharp and sustained decline in crude oil prices could ease pressure on India’s fiscal position, lower inflation risks and improve the scope for monetary easing.

3. Banking Stocks Lead the Charge

Nifty Bank surged over 2%, with individual banking shares jumping up to 4%.

Investors aggressively piled into financial stocks on bets that easing oil prices could help keep inflation under control and support interest rate stability.

4. Rupee Rises Further

The Indian Rupee strengthened sharply for a third straight session, ending at a two-week high of 95.23/$—climbing nearly 2% from its historic low of 96.96/$ seen on May 20.

5. Dollar Falls, Yields Cool

The Dollar Index softened by 0.30% and the U.S. 10-year Treasury yield crashed nearly 2% to 4.48%, improving investors' risk appetite for emerging market equities.

Market Snapshot: Indices At A Glance

Key Nifty Indices

Sector Performance

Nifty Gainers & Losers

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 220.95 points higher at 23,940.25, reached a high of 24,054.45 and closed at 24,031.70.

The index formed a bullish candle on the daily chart following a gap-up opening, indicating continued strength in the trend.

• Immediate Support: 23,950
• Immediate Resistance: 24,100

BANK NIFTY: Opened 555.20 points higher at 54,610.55, reached a high of 55,405.20 and closed at 55,293.65.

The index formed a long bullish candle on the daily timeframe, indicating a strengthening bullish bias.

• Immediate Support: 55,000
• Immediate Resistance: 55,600

Top Trending Stocks Today

• Ajmera Realty: Stock surged nearly 10% after Q4 profit jumped 141% YoY to ₹58.4 crore, while revenue rose 185% YoY to ₹431 crore.
• Shriram Properties: Stock soared over 8% after Q4 profit increased 64% YoY to ₹78.5 crore, supported by a 57% YoY rise in revenue to ₹641 crore.
• Sterlite Technologies: Stock hit the 5% upper circuit after the company secured a multi-year supply agreement worth $1.11 billion for AI-ready data centre infrastructure projects in the US.

Also Read: Tata Steel Q4 Results 2026: Profit Jumps 147%, ₹4 Dividend Declared

World Markets, Crude & Gold Prices

• Global Equities: Asian and European shares were broadly positive on Monday, supported by hopes of a possible Iran-US peace deal, which eased inflation and growth concerns.
• Crude Oil: Brent crude futures fell around 5.5% to nearly $97.8 per barrel, slipping below the $100 mark for the first time in two weeks.
• Gold Prices: The yellow metal rose over 1% as a weaker dollar and lower oil prices eased fears of inflation and higher-for-longer interest rates.

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