Rs 10 Lakh Crore Wealth Added As Sensex Jumps 1,300 & Nifty Up 390 Pts; Why US-Iran Deal Bullish For Markets

Nearly Rs 10 lakh crore in wealth in less than 2 hours of the June 15th trading session as the Sensex skyrocketed nearly 1,300 points and Nifty zoomed nearly 390 points. The major reason is the global bullish trend after the US and Iran decided on a peace agreement that could reopen the Strait of Hormuz. Both equity and precious metals markets witnessed a strong buying trend as crude oil prices crashed and dollar sentiment dampened.

Rs 10 Lakh Crore Wealth Created!

At the time of writing, riding on bulls, the BSE-listed companies' market valuation reached Rs 47,191,994.22 crore as of now.

This is higher by Rs 991,675.42 crore compared to market cap on June 12th. Last week on Friday, the BSE-listed companies' m-cap stood at Rs 46,200,318.80 crore.

This is the strongest buying of June 2026 so far.

Sensex Climbs Almost 1,300 Points!

Just few minutes ago, Sensex touched an intraday high of 76,821.07, which is higher by 1,293 points from the previous close of 75,527.95. Currently, the benchmark trades near its day's high to 76,690.79, up by 1,166 points.

Top gainers are Indigo, Trent, Eternal, Bajaj Finance, Bajaj Finserv, Maruti Suzuki, L&T, Ultratech Cement, and M&M which rallied by 3% to 5%. Other heavyweight stocks like HDFC Bank, Reliance Industries, Titan and Infosys also zoomed by 1.4% to 2%.

There were only two stocks that could not join the bull run. These were NTPC and Sun Pharma traded in red but volatile.

Nifty Jumps Nearly 390 Points!

For a brief moment, Nifty soared above the pivotal 24,000 mark to hit an intraday high of 24,011.40. This was a gain of 389 points from the previous close of 23,622.90.

Currently, Nifty 50 surged by 350 points, or 1.5%, to trade around 23,970 mark.

The biggest contributors were Nifty Auto (+3%), Nifty Financial Services (+2%), Nifty Metal (+2.6%), Nifty Realty (+3.4%), Nifty Consumer Durables (+2.5%), and Bank Nifty.

Bank Nifty soared over 1.1% and Nifty PSU Bank and Nifty Private Bank stocks climbed over 1% each. Nifty Midcap and Nifty Smallcap indices also rose by nearly 2%.

Meanwhile, India's volatility index dropped nearly 5%.

Global Market Trends!

Asian stocks skyrocketed on Monday, with South Korea's KOSPI and Tokyo's Nikkei 225 surging more than 5%. On the other hand, crude oil prices plunged by 5-6% with US WTI Crude oil trading around $80 per barrel and Brent Crude below $84 per barrel. US dollar also slipped below 99.5, marking its lowest single-day level in over a week.

US Stock Futures climbed on Monday, after investors welcomed a breakthrough agreement to end the conflict between the US and Iran, paving the way for the reopening of the Strait of Hormuz. The deal, which is set to be signed in Switzerland on June 19, reportedly includes the lifting of blockades, sanctions relief for Iran, and the dismantling of Tehran's nuclear program. Oil prices fell to a two-month low following the announcement, easing worries about rising inflation and the risk of interest rate hikes. Dow and S&P 500 futures climbed more than 1%, while Nasdaq 100 futures advanced over 2%, as per Trading Economics.

Why Is the US-Iran Deal Bullish For the Indian Stock Market?

As per Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, with the dawn of peace in West Asia, hopefully, and the consequent sharp correction in Brent crude to below $84 in early trade, the prospects for the Indian economy and stock market have turned for the better.

Explaining in detail, Vijayakumar said, the GDP growth rate and CPI inflation projections for FY 27 can be revised in this changed scenario to 6.9% and 4.6%, respectively. This will have positive implications for the stock market.

Also, the rupee is likely to continue its uptrend, dipping below 95 to the dollar. With the rupee stabilizing, FPIs are unlikely to continue big selling in India even though the AI trade still continues to be strong, particularly in South Korea and Taiwan.

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