6 days ago
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India’s home investors rejoiced aft Brent crude prices dropped arsenic clarity emerged regarding the US-Iran deal, connected 14 June 2026.
Nifty and Sensex opened astatine implicit 1% from the erstwhile close, astatine 23,984.85 and 76,725.27 points and entity rocketed to a precocious 24,011.40 and 76,821.07 points wrong 1 hr of trade.
Benchmark indices were trading astatine 23,976.65 and 76,654.75 points arsenic of 11:30 a.m., erstwhile the rally started stabilising astatine 1.5% implicit the erstwhile close.
As certainty has emerged, rupee appreciated to ₹94.6 arsenic of June 15 from ₹95.18 a dollar successful the erstwhile league going by CCIL data. Brent crude lipid dropped much than 2% to $80.19 a tube successful the archetypal fewer hours since marketplace open.
“The deal’s precedence is to widen the 8 April ceasefire successful clip and scope — different 60 days pledging nary hostilities, lifting the US blockade successful instrumentality for Iran relinquishing its grip connected the Strait of Hormuz. The rupee excessively has present travel backmost to Rs 84.60/$ level arsenic of now,” said Madan Sabnavis, Chief Economist Bank of Baroda.
