Indian shares climb on US-Iran deal optimism, corporate earnings power

Grasim Industries

21/05/2026 06:44

** Indian shares rise, with benchmarks Nifty 50 .NSEI and Sensex .BSESN gaining 0.2% each, lifted by resilient earnings and U.S.-Iran deal optimism

** Four of 16 major sectors advance; the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 add 0.8% and 0.4%, respectively

** Asian markets .MIAPJ0000PUS rise 3%, as Brent LCOc1 stable at $105.5 a barrel, after dropping 5.6% in the previous session

** Iran reviews Washington's latest position on ending the war after U.S. President Donald Trump said negotiations with Tehran were in their final stages

** Two Chinese oil tankers exit the Strait of Hormuz, in a tentative sign of easing pressure in the Gulf

** Among stocks, Apollo Hospitals APLH.NS rises 2.5% to record high after reporting higher quarterly profit

** Grasim GRAS.NS hits a record high after fourth-quarter loss narrows

** Lenskart LENS.NS jumps 5% on higher quarterly revenue, while electric two-wheeler Ola Electric OLAE.NS drops 4% on March-quarter revenue drop

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))