Sensex closes at 75,527.95, Nifty at 23,622.90 point as hopes of Iran-US deal lift market sentiment

The rally came after US President Donald Trump claimed a diplomatic breakthrough in talks aimed at ending the Iran war.

Updated on: Jun 12, 2026, 15:44:44 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Indian equity benchmarks staged a powerful rebound on Friday, with the Sensex closing at 75,527.95 points and the Nifty reclaiming the 23,600 mark, as easing concerns over the Iran conflict and a sharp fall in crude oil prices triggered a broad-based rally across global markets.

The BSE Sensex is currently trading at 75,490.89, up 1,658.34 points or 2.25 per cent (REUTERS File)

Sensex jumped 1,695.40 points to settle at 75,527.95, while Nifty soared 461.30 points to 23,622.90.

The rally came after US President Donald Trump claimed a diplomatic breakthrough in talks aimed at ending the Iran war, prompting investors to unwind geopolitical risk premiums. Global equities surged and oil prices fell sharply amid expectations that disruptions to energy supplies through the Strait of Hormuz could ease. Track updates on Iran-US conflict

Brent crude, the international benchmark, dropped more than 4 per cent to around $86 a barrel, while US crude also declined over 4 per cent. Lower oil prices are generally seen as positive for India, which imports the bulk of its crude requirements.

Indian markets had opened strongly, extending gains through the session. The Sensex had begun the day at 74,742.65, up 910.10 points, while the Nifty opened at 23,432.70, higher by 271.10 points.

Also read: ‘Please find my brother’: On day of Air India plane crash in Ahmedabad, the hour I spent with lone survivor

The domestic rally mirrored a global risk-on mood. Asian markets posted sharp gains, with South Korea's Kospi rising 4.6 per cent, Japan's Nikkei 225 advancing 2.8 per cent and Hong Kong's Hang Seng gaining 1.7 per cent. European markets also traded firmly higher, while Wall Street had rallied overnight, led by technology stocks.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.