Share Market Today: Nifty Hits 23,850 as US-Iran Peace Deal Ends War

Indian Stock Market Today | Indian equity benchmark indices extended their strong momentum on Monday (June 15), with the Nifty 50 closing above 23,850.

Dalal Street cheered a massive global risk-on wave after the United States and Iran finalized a historic peace deal, permanently ending their nearly four-month-long war.

The markets opened with a strong gap-up, briefly pushing the Nifty past 24,000 in early trade. While indexes paired modest gains in the afternoon due to selective profit-booking, broad-based buying ensured a firm finish for the session.

At the Closing Bell:

• BSE Sensex: Soared 736.38 points to close at 76,264.33
• Nifty 50: Jumped 231 points to settle at 23,853.90
• Nifty Bank: Climbed 384 points to finish at 57,198.80

Why Did the Indian Stock Market Rally Today?

The five major triggers driving today's market rally include:

1. US-Iran Peace Deal Boosts Sentiment

Geopolitical anxiety completely wound down over the weekend after US President Donald Trump confirmed on Truth Social that a definitive deal had been reached to end the conflict.

With the deal set to be officially signed on June 19 in Switzerland, structural fears regarding trade route disruptions and logistics bottlenecks in the Strait of Hormuz have effectively vanished.

2. Sharp Fall in Crude Oil Prices

International crude oil benchmarks bore the brunt of the de-escalation, with Brent crude plummeting more than 4% to slip below $83.5 per barrel—its lowest pricing tier since March.

For India, softer oil prices directly reduce import costs, ease pressure on the structural current account deficit and lower input expenses for corporates while dampening core inflation risks.

3. Firm Global Cues

Indian indices tracked an explosive trading session across global markets. In Asia, Japan’s Nikkei 225 and South Korea’s Kospi indices led global equity gains by surging nearly 5% each.

Meanwhile, Hong Kong’s Hang Seng and mainland China’s SSE Composite tracked comfortably higher following positive closures in US markets late Friday.

4. Strong Market Breadth

The Advance-Decline ratio on the National Stock Exchange (NSE) settled at a dominant 4:1, confirming that market participants were buying into the broader economic relief.

Barring Pharma, Healthcare and Media, it was a near-total green sweep on the sectoral charts. High-beta sectors led the charge, with Nifty Realty outperforming to gain 4%.

Broader indices matched the momentum, with the Nifty Midcap 100 and Nifty Smallcap 100 closing over 1% higher.

5. Indian Rupee Appreciates

The Indian Rupee gained a substantial 40 paise to end at 94.71/$ against Friday’s close of 95.11/$.

This marked the local currency's strongest closing figure in over a month.

Nifty Today & Major Indices Overview

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 361.95 points higher at 23,984.85, reached a high of 24,011.40 and closed at 23,853.90.

• Immediate Support: 23,800
• Immediate Resistance: 23,950

BANK NIFTY: Opened 864.85 points higher at 57,679.65, reached a high of 57,804.50 and closed at 57,198.80.

• Immediate Support: 57,100
• Immediate Resistance: 57,400

Top Trending Stocks Today

• Schneider Electric Infra: Stock hit the 10% upper circuit after the company announced a collaboration with Foxconn to co-develop next-gen reference architectures for AI data centres.
• Ashoka Buildcon: Stock surged nearly 8% after the company received a Letter of Acceptance worth ₹112.4 crore from Chhattisgarh State Industrial Development Corporation.
• Bharat Forge: Stock gained nearly 4% after its defence arm, Kalyani Strategic Systems, showcased the MArG artillery gun series at Eurosatory 2026, one of the world’s largest defence exhibitions.

Also Read: Vedanta Demerger LIVE: 4 New Entities List on BSE, NSE

World Markets, Crude & Gold Prices

• Global Equities: Asian and European equities opened the week on a strong note, as the US-Iran preliminary peace framework lifted global risk appetite.
• Crude Oil: Oil prices slipped to a 3-month low, with Brent crude hovering near $82.94/bbl and WTI around $80.26/bbl, as supply-risk concerns eased.
• Gold Prices: The yellow metal rose to a near one-week high as lower oil prices eased inflation and Fed rate-hike concerns.

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