six-week losing streak – India VIX, which indicates market uncertainty, fell 8% to its lowest level in three weeks, meaning investors have finally started to expect some stability in the market despite the weak ceasefire. Benchmark stock indices closed the week up nearly 6%, ending a six-week losing streak, as the ceasefire between the US and Iran significantly reduced volatility and encouraged a more risk-off approach for investors. The benchmark Nifty 50 and Sensex indices had fallen more than 12% in the 6 weeks prior to this rally.

The BSE Sensex index closed 1. 2% or 919 points higher at 77,550. 25 on Friday, led by gains in the banking and financial services sector.

Nifty 50 also closed at 24,050. 60, up 1. 2% or 276 points.

Barring IT, all other sectors saw strong growth during the session. India VIX, which indicates market uncertainty, fell 8% to its lowest level in three weeks, meaning investors have finally started to expect some stability in the market despite the weak ceasefire.