Sensex Gains 736 Points, Nifty Ends Above 23,850 as US-Iran Peace Deal Lifts Markets
- 15th June 2026
- 04:00 PM
- 3 min read
Summary
Indian benchmark indices closed sharply higher on Monday after the United States and Iran announced a deal to end their 107-day war and reopen the Strait of Hormuz, sending crude oil prices tumbling and lifting sentiment across global markets. Sensex gained 736 points while Nifty climbed 231 points, with all sectoral indices closing in the green.Mumbai | 15 June 2026
The Sensex settled 736.38 points, or 0.97%, higher at 76,264.33, while the Nifty rose 231 points, or 0.98%, to close at 23,853.90. Every sectoral index on the NSE ended in positive territory, with the Nifty Smallcap 100 and Nifty Midcap 100 gaining 1.62% and 1.43% respectively.
What Triggered Monday’s Market Rally?
US President Donald Trump announced on Sunday evening that the United States and Iran had finalised a deal to end hostilities after 107 days of conflict. The formal signing is scheduled for 19 June in Switzerland. The agreement includes the reopening of the Strait of Hormuz, the narrow waterway through which around one-fifth of global oil supplies pass, immediately easing concerns across energy and financial markets.
Brent crude dropped 4.55% to $83.36 per barrel in response, reducing pressure on India’s inflation, trade deficit, and currency. India is the world’s third-largest oil importer, making crude price movements a significant driver of domestic market sentiment.
Which Sectors and Stocks Led the Gains?
Oil marketing companies, tyre makers, paint manufacturers, and airlines advanced on the back of lower crude prices. Larsen and Toubro, which carries significant revenue exposure to West Asia, gained 3.2%. HDFC Bank rose 2%.
The Nifty Smallcap 100 outperformed the headline indices, rising 1.62%, while the Nifty Midcap 100 added 1.43%, reflecting broad-based participation in the rally.
How Did the Rupee and Global Markets Respond?
The rupee appreciated 58 paise to ₹94.60 against the US dollar, supported by falling crude prices and a weaker greenback. At the interbank foreign exchange market, the rupee opened at ₹94.70 before strengthening further to ₹94.60.
Asian markets also rallied sharply. South Korea’s Kospi surged nearly 6%, Japan’s Nikkei 225 climbed more than 5%, and Hong Kong’s Hang Seng and Shanghai’s SSE Composite both traded higher. US markets had closed in positive territory on Friday.
Outlook
The India VIX fell 4% to 14.18 on Monday, reflecting reduced investor anxiety following the geopolitical breakthrough. The formal signing of the US-Iran agreement on 19 June in Switzerland will be the next key event for markets, with sustained crude price softness likely to remain a tailwind for India’s macro fundamentals and equity sentiment in the near term.
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