Stock markets climb in early trade tracking global rally, decline in oil prices

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Image for representational purposes only. File

Image for representational purposes only. File | Photo Credit: Reuters

Benchmark indices Sensex and Nifty rallied successful aboriginal commercialized connected Tuesday (June 16, 2026), driven by a affirmative inclination successful planetary markets and cooling crude lipid prices pursuing a bid woody betwixt the U.S. and Iran.

Fresh overseas money inflows besides added to the affirmative inclination successful the home market.

The 30-share BSE Sensex climbed 272.87 points to 76,537.20 successful aboriginal deals. The 50-share NSE Nifty went up by 69.15 points to 23,921.55.

From the 30-Sensex firms, HCL Tech, Bajaj Finance, Bajaj Finserv, Hindustan Unilever, Tech Mahindra and Tata Consultancy Services were among the biggest winners.

Axis Bank, Tata Steel, Power Grid and UltraTech Cement were among the laggards.

Brent crude, the planetary lipid benchmark, traded 0.32 per cent little astatine $82.90 per barrel.

In Asian markets, South Korea's Kospi, Japan's Nikkei 225 scale and Shanghai's SSE Composite scale were quoting higher, portion Hong Kong's Hang Seng scale traded lower.

U.S. markets ended successful affirmative territory connected Monday (June 15, 2026). The Nasdaq Composite jumped 3.07%, S&P 500 surged 1.65 per cent and Dow Jones Industrial Average climbed 0.92%.

Foreign Institutional Investors (FIIs) turned buyers connected Monday (June 15, 2026) arsenic they bought equities worthy Rs 200.05 crore, according to speech data.

"Global cues proceed to stay supportive, with US markets rallying sharply overnight. The Nasdaq surged implicit 3 per cent, portion the S&P 500 and Dow Jones closed astatine caller grounds highs, reflecting renewed optimism amid easing geopolitical concerns and improving hazard sentiment.

"Brent crude's crisp diminution is simply a cardinal affirmative for Indian equities, portion sustained home organization buying continues to supply stableness to the market," Rajesh Palviya, Head of Research, Axis Direct, said.

The U.S. and Iran reached an statement connected Sunday (June 14, 2026) to reopen the Strait of Hormuz, a determination expected to facilitate the resumption of lipid and earthy state shipments done 1 of the world's astir important vigor transit routes.

Details of the statement person not been made public.

Iran has indicated implementation volition statesman lone aft a ceremonial signing ceremony, which Pakistan, a cardinal mediator successful the negotiations, said is scheduled to instrumentality spot successful Switzerland connected Friday.

On Monday, the Sensex jumped 736.38 points, oregon 0.97 per cent, to settee astatine 76,264.33. The Nifty surged 231 points, oregon 0.98 per cent, to extremity astatine 23,853.90.

Published - June 16, 2026 10:52 americium IST

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