Capital market stocks experienced a significant rally on Monday, with shares of exchange platforms, asset management companies (AMCs) and stock broking firms surging up to 6% on the National Stock Exchange (NSE). According to reports from Business Standard, the Nifty Capital Market index was up 2.5% at 11:00 AM, compared to a 1.6% rise in the Nifty 50. The capital market index hit an intra-day high of 5,505.55, with the index surging 6.5% in the past two trading days and reaching a 52-week high of 5,697.10 on May 27, 2026. The rally gained momentum after Pakistani Prime Minister Shehbaz Sharif confirmed on social media that an Iranian peace deal had been struck, while President Donald Trump said the pact included opening the vital Strait of Hormuz, though without giving details.
HDFC Asset Management Company (AMC), Motilal Oswal Financial Services and Nuvama Wealth Management surged 6% each on the NSE in intra-day deals, as reported by Business Standard. Other notable performers included Angel One, Billionbrains Garage Ventures (Groww), Nippon Life India Asset Management, Computer Age Management Services, BSE, Central Depository Services (India) (CDSL) and 360 One Wam, which were up in the range of 3% to 5%. The rally was driven by reports suggesting that the United States and Iran reached an agreement to reopen the Strait of Hormuz, leading to a sharp correction in crude oil prices.
The peace deal confirmation sent shockwaves through global markets, with Brent crude tumbling 5% to $83 per barrel, well off its May peak of $126.41, though still above the $67 where it traded before the war began in late February. As per Reuters, Vivek Dhar, a mining and energy analyst at CBA, said "We see Brent oil futures falling to $80 by the end of the year, assuming the strait does not close again." The prospect of cheaper oil will be a boon to Japan which is a net importer of energy, with the Nikkei surging 5% overnight. South Korea's red-hot market gained 5.2%, and Chinese blue chips firmed 1.4%, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.4%. The peace deal was described by Saxo Bank strategist John Hardy as "about as supportive as you can get" for markets.
Capital market companies under Kotak Institutional Securities coverage delivered strong performance in the January to March 2026 quarter (Q4FY26), with 30% year-on-year revenue growth and 19% earnings growth, as reported by Business Standard. The growth was led by a strong performance by brokers and MTM hits for AMCs. Retail stock brokers exited FY2026 on a strong note, with Q4 order activity rebounding sharply, including Groww F&O orders up 27% QoQ and Angel One total orders up 13% QoQ, driving revenue acceleration and margin expansion.
The outlook for the Indian mutual fund industry remains encouraging, with structural drivers such as rising incomes, increasing financial awareness, and digital adoption continuing to support long-term growth, according to ICICI Prudential AMC in its FY26 annual report. The Triple Multiplier Effect—rising high networth individual (HNI) participation, asset appreciation and incremental income-led savings—fuels the compelling long-term outlook for wealth management in India. Beyond large cities, companies are seeing growing momentum in Tier 2 and Tier 3 markets, where affluent investors are increasingly transitioning toward financial assets, as noted in recent annual reports.
