India’s domestic investors rejoiced after Brent crude prices dropped as clarity emerged regarding the US-Iran deal, on 14 June 2026.

Nifty and Sensex opened at over 1% from the previous close, at 23,984.85 and 76,725.27 points and sky rocketed to a high 24,011.40 and 76,821.07 points within one hour of trade.

Benchmark indices were trading at 23,976.65 and 76,654.75 points as of 11:30 a.m., when the rally started stabilising at 1.5% over the previous close.

As certainty has emerged, rupee appreciated to ₹94.6 as of June 15 from ₹95.18 a dollar in the previous session going by CCIL data.  Brent crude oil dropped more than 2% to $80.19 a barrel in the first few hours since market open. 

“The deal’s priority is to extend the 8 April ceasefire in time and scope — another 60 days pledging no hostilities, lifting the US blockade in return for Iran relinquishing its grip on the Strait of Hormuz. The rupee too has now come back to Rs 84.60/$ level as of now,” said Madan Sabnavis, Chief Economist Bank of Baroda.