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Although Sensex and Nifty pared a part of their early gains, they managed to end firmly in positive territory.
Stock Market Today.
Indian equity benchmarks ended sharply higher on Monday, June 15, as easing geopolitical tensions in the Middle East and a decline in crude oil prices triggered broad-based buying across sectors, particularly in autos, realty, financials and consumer-focused stocks.
The BSE Sensex closed at 76,264.33, up 736.38 points or 0.97 per cent, after touching an intraday high of 76,821.07. The NSE Nifty 50 settled at 23,853.90, gaining 231 points or 0.98 per cent. Although both indices pared a part of their early gains, they managed to end firmly in positive territory.
Investor sentiment improved significantly after the United States and Iran reached an interim peace agreement that includes the reopening of the strategically important Strait of Hormuz. The development eased concerns over disruptions to global crude supplies and pushed oil prices below the USD 85-per-barrel mark, providing relief to import-dependent economies such as India.
Broad-Based Rally Across Market Segments
The rally extended beyond frontline indices, with broader markets also participating in the upmove.
The Nifty 500 gained 1.29 per cent, Nifty Midcap 100 advanced 1.29 per cent, while the Nifty Smallcap 100 rose 1.11 per cent. The Nifty Total Market index climbed 1.31 per cent, reflecting healthy participation across market capitalisations.
Market volatility eased further, with India VIX declining 2.48 per cent to 14.35, indicating reduced risk perception among investors.
Realty, Auto and Consumer Stocks Lead
Sectorally, the Nifty Realty index emerged as the top performer, surging 3.96 per cent. The Nifty Consumer Durables index gained 2.90 per cent, while Nifty Cement rose 2.77 per cent and Nifty Auto climbed 2.60 per cent.
Financial stocks also remained in demand. The Nifty Financial Services Ex-Bank index advanced 2.99 per cent, while Nifty Financial Services gained 1.28 per cent. Nifty Bank added 0.68 per cent and Nifty Private Bank rose 0.59 per cent.
Among other sectors, Nifty Metal gained 1.78 per cent, Nifty Oil & Gas rose 1.53 per cent and Nifty IT advanced 0.98 per cent.
On the other hand, defensive sectors underperformed. Nifty Pharma declined 0.66 per cent, while the Nifty Healthcare Index slipped 0.41 per cent.
Trent, IndiGo and Bajaj Finserv Shine
Among Sensex and Nifty constituents, Trent emerged as the top gainer, soaring 5.40 per cent. InterGlobe Aviation (IndiGo) rose 3.62 per cent, while Bajaj Finserv gained 3.54 per cent.
Eternal, UltraTech Cement, Maruti Suzuki, Mahindra & Mahindra and Larsen & Toubro advanced between 2.9 per cent and 3.1 per cent.
Reliance Industries gained 1.13 per cent, providing support to benchmark indices.
Among laggards, NTPC fell 1.48 per cent, ICICI Bank declined 1 per cent, while Asian Paints, Hindustan Unilever and Sun Pharma ended lower.
Market View
Vinod Nair, Head of Research, Geojit Investments Limited, said:
“The interim US–Iran peace agreement has significantly improved investor sentiment, triggering a broad-based recovery across equity markets. With crude oil prices easing to below USD 85 per barrel, concerns around inflation have moderated, supporting a more stable interest rate outlook and improving earnings visibility for FY27. As the risk-reward equation turns more favourable for equities, investors have increasingly shifted toward growth-oriented sectors such as autos, industrials, capital goods, and real estate, which are well positioned to benefit from an improving macro environment. The easing in geopolitical risks is also expected to moderate bond yields, FII outflows and strengthen the rupee, further reinforcing the positive market outlook.”
About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
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