Stock markets extend winning run to third day on U.S.-Iran deal; Sensex up 544 points

Stock markets extend winning run to third day on U.S.-Iran deal; Sensex up 544 points

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| Photo Credit: Reuters

Benchmark stock indices Sensex and Nifty rose for the third consecutive day on Tuesday (June 16, 2026), propelled by a positive trend in global markets and softening crude oil prices following a peace deal between the U.S. and Iran.

The 30-share BSE Sensex jumped 544.15 points, or 0.71%, to settle at 76,808.48. Intraday, it surged 582.41 points, or 0.76%, to 76,846.74.

The 50-share NSE Nifty climbed 135.25 points, or 0.57%, to end at 23,989.15. During the day, it jumped 148.7 points, or 0.62 %, to 24,002.60..

Foreign investors turning net buyers in Indian equities also boosted the sentiment, according to experts.

Among the 30 Sensex firms, HCL Tech, Bajaj Finserv, NTPC, Hindustan Unilever, Tata Consultancy Services and Bajaj Finance were the biggest winners.

InterGlobe Aviation, UltraTech Cement, Maruti and Tata Steel were among the laggards.

Brent crude, the global oil benchmark, traded 2% lower at $81.45 per barrel.

“Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in U.S.–Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 index ended higher, while Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index settled lower.

Markets in Europe were trading higher. U.S. markets ended in positive territory on Monday (June 15, 2026). The Nasdaq Composite jumped 3.07%, S&P 500 surged 1.65% and Dow Jones Industrial Average climbed 0.92%.

Foreign Institutional Investors (FIIs) turned buyers on Monday (June 15), purchasing equities worth ₹200.05 crore on net basis, according to exchange data.

The U.S. and Iran reached an agreement on Sunday (June 16) to reopen the Strait of Hormuz, a move expected to facilitate the resumption of oil and natural gas shipments through one of the world’s most important energy transit routes.

Details of the agreement have not been made public.

Iran has indicated implementation will begin only after a formal signing ceremony, which Pakistan, a key mediator in the negotiations, said is scheduled to take place in Switzerland on Friday (19, 2026).

On Monday (June 15, 2026), the Sensex jumped 736.38 points, or 0.97 per cent, to settle at 76,264.33. The Nifty surged 231 points, or 0.98 per cent, to end at 23,853.90.

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