As per provisional closing data, the S&P BSE Sensex jumped 1,695.40 points or 2.30% to 75,527.95. The Nifty 50 index rose 461.30 points or 1.99% to 23,622.90.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 2.37% and the BSE 250 SmallCap Index added 2.60%.

The market breadth was strong. On the BSE, 3,234 shares rose and 1,030 shares fell. A total of 158 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 5.73% to 14.72.

In the commodities market, Brent crude for August 2026 settlement fell $2.91 or 3.22% to $87.47 a barrel.

Economy:

India's retail inflation, measured by the Consumer Price Index (CPI), rose to 3.93% in May 2026 from 3.48% in April, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday. The reading was the highest so far in 2026, compared with 2.75% in January. Food inflation, based on the Consumer Food Price Index (CFPI), accelerated to 4.78% in May from 4.20% in the previous month.

New Listing:

Shares of Hexagon Nutrition settled at Rs 50.39 on the BSE, representing a premium of 11.98% as compared with the issue price of Rs 45.

The stock debuted at Rs 48, marking a premium of 6.67% to the issue price.

The stock has hit a high of Rs 50.39 and a low of Rs 48. On the BSE, over 14.20 lakh shares of the company were traded in the counter.

Buzzing Index:

The Nifty Realty index jumped 3.53% to 769.60. The index declined 2.38% over the previous two trading sessions.

Prestige Estates Projects (up 4.73%), Brigade Enterprises (up 4.56%), Sobha (up 4.56%), Godrej Properties (up 4.49%), DLF (up 4.17%), Anant Raj (up 4.07%), Lodha Developers (up 3.66%), Oberoi Realty (up 3.11%), Aditya Birla Real Estate (up 1.08%) and Phoenix Mills (up 1.06%) rose.

Stocks in Spotlight:

Jayant Infratech surged 17.24% after the company announced that it had received a Letter of Acceptance (LoA) worth Rs 16.54 crore from South East Central Railway, Bilaspur, for the execution of railway overhead electrification works.

GNG Electronics rallied 3.34% after the company's promoter, Vidhi S. Khandelwal, sold a 3.94% stake through the open market route for approximately Rs 175 crore, to comply with minimum public shareholding (MPS) norms.

PCBL Chemical rose 4.14% after the company commissioned a new specialty production line with a gross capacity of 20,000 metric tonnes per annum (MTPA) at its Mundra plant in Gujarat.

Hitachi Energy India added 3.34% after the company said that it would invest Rs 2000 crore to establish a new large power transformer (LPT) factory in Karjan, Vadodara, India. The investment builds on the company's 77-year history in India and its commitment to strengthening its manufacturing footprint to support the growing demand for electricity in the country and worldwide.

Ratnaveer Precision Engineering advanced 1.77% after the company's board approved a proposal to raise up to Rs 330 crore through a rights issue. The company will issue fully paid equity shares having a face value of Rs 10.00 each to the eligible equity shareholders on a right basis, aggregating up to Rs 330.00 crore.

Dabur India rose 1.07%. The company said the United States Food and Drug Administration (USFDA) issued Import Alert 66-40 for drugs made at part of its Silvassa facility after an inspection flagged data integrity and maintenance deficiencies.

Tata Motors Passenger Vehicles added 3.62% after the company said it will increase prices of its cars and SUVs by up to 1.5% from July 1, 2026, across its internal combustion engine (ICE) and electric vehicle (EV) portfolio.

AVG Logistics advanced 5.84% after the company announced that it had secured a long-term transportation contract from Haldiram Nagpur, a leading player in India's FMCG sector. Under the agreement, AVG Logistics will deploy 100 dedicated vehicles to support Haldiram Nagpur's logistics and distribution operations across western and southern India, as well as key eastern states, including Odisha, Bihar, and Jharkhand.

Gujarat Inject Kerala jumped 3.75% after the company announced that it had secured a purchase order worth Rs 14.49 crore from Deon Energy for the supply of 16,129 units of 620 WP solar panels.

Concord Biotech rose 0.49%. The company announced the successful completion of an inspection conducted by Brazil's National Health Surveillance Agency (ANVISA) at its active pharmaceutical ingredient (API) manufacturing facility in Limbasi.

Global Markets:

The US Dow Jones index futures are currently up by 302 points, signaling a positive opening for US stocks today.

European indices traded sharply higher on Friday after investors received stronger signals that a peace agreement between the United States and Iran could be near.

Asian indices also ended higher after US President Donald Trump suggested that Washington and Tehran could soon sign a peace deal.

Speaking to reporters in the Oval Office on Thursday, Trump said an agreement was close to completion and could be signed soon. He added that Iran would never possess a nuclear weapon under the proposed deal.

Markets had already rallied earlier after Trump said in a Truth Social post that he had called off planned strikes on Iran.

Investors are also closely watching the debut of SpaceX on the Nasdaq. The company will list under the ticker symbol SPCX at a fixed price of $135 per share, implying a valuation of about $1.77 trillion.

SpaceX plans to sell 555.6 million shares, raising approximately $75 billion. If completed, it would become the largest initial public offering in history, surpassing Alibaba's $22 billion IPO in 2014.

Overnight, US stocks closed sharply higher. Sentiment improved after Trump called off the planned strikes on Iran and reiterated that a deal with the country could be signed soon.

The S&P 500 rose 1.75% to 7,394.30. The Nasdaq Composite gained 2.54% to 25,809.66. The Dow Jones Industrial Average climbed 929.97 points, or 1.86%, to 50,848.75.

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