Indian markets climb after govt increases petrol diesel prices:Sensex rallies 875 points; Nifty nears crucial 24,000 mark

Tracking the US markets’ Wall Street’s stellar run on Friday, Indian stock markets climbed in early trade on Monday, 25 May, 2026. Sensex rallied 875 points to 76,290.64 points. Similarly, Nifty shot up near the crucial 24,000 mark. Govt again hikes fuel prices Oil companies have once again increased petrol and diesel prices, marking the fourth fuel price hike this month. Petrol prices have gone up by ₹2.61 per litre, while diesel has become costlier by ₹2.71 per litre. After the latest revision, petrol in Delhi is now priced at ₹102.12 per litre, while diesel costs ₹95.20 per litre. US Iran reach consensus on Hormuz Strait opening: Reports The United States and Iran have reached an agreement in principle to gradually end the ongoing conflict and lift Iran’s blockade of the Strait of Hormuz, according to a New York Times report quoting a senior US official. Oil drops below $100 per barrel mark: Tracking reports that the Strait of Hormuz could open soon, the prices of global oil benchmark, Brent crude, dropped below the $100 per barrel mark on Monday. Stocks like MM, HDFC Bank, Kotak Bank, LT, Eternal, IndiGo and Maruti were among the major gainers on Sensex. Asian markets surge Japanese stocks hit a record high on Monday as the Nikkei 225 surged past the record 65,000 mark for the first time as investors latched on to hopes of the Strait of Hormuz reopening after positive signals from the Trump administration on a peace deal with Iran. US markets ended higher on 22 May Sensex closed up 232 points on Friday The stock market saw gains on May 22. Sensex closed at 75,415 with a gain of 232 points (0.31%). Nifty also gained 65 points (0.27%), reaching 23,719. There was buying in bank and metal shares during trading.