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Key gauges end higher for 2nd straight day on US-Iran peace deal
Jun-15-2026

Indian equity benchmarks rose for the second straight session and settled with gains of around a percent on Monday, propelled by a rally in global equities and a sharp decline in crude oil prices after the US and Iran finalised a deal to end their 107-day war. 

Some of the important factors in trade:  

Piyush Goyal calls on French businesses to increase investments in India’s manufacturing sector: In a bid to enhance bilateral investments and strengthen economic cooperation with France, Commerce and Industry Minister Piyush Goyal has called on French businesses to increase their investments in India’s manufacturing sector.

India, Switzerland discuss investment opportunities for Swiss pharma companies in India: India and Switzerland have held talks focused on strengthening innovation, as well as on new investment opportunities for Swiss pharma companies in India's rapidly growing healthcare and life sciences sector. 

May WPI Inflation hits 9.68% amid higher food, fuel prices: India's wholesale price index (WPI) inflation surged to 9.68 per cent in May 2026 under a new revised series, with higher food and fuel prices amid the continuing Middle East tensions due to the US-Iran war that inflated global crude prices and strained supply chains. India's wholesale inflation was 8.26% in April 2026.

Auto stocks remain in watch: The Society of Indian Automobile Manufacturers (SIAM) has said that the domestic passenger vehicle (PV) dispatches from companies to dealers stood at 4,38,854 units in May 2026, marking a 27.3 per cent increase compared to 3,44,656 units in May 2025. 

Global front: European markets were trading higher as investors looked ahead to the Bank of England's monetary policy meeting later this week. Asian markets settled higher, after U.S. President Donald Trump announced a tentative peace deal with Iran, helping ease investor concerns about inflationary pressures and lessening the need for interest-rate hikes.

Finally, the BSE Sensex rose 736.38 points or 0.97% to 76,264.33 and the CNX Nifty was up by 231.00 points or 0.98% to 23,853.90. 

The BSE Sensex touched high and low of 76,821.07 and 76,140.44, respectively. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 3.93%, Auto up by 2.69%, Consumer Discretionary up by 2.44%, Consumer Durables up by 2.02% and Industrials up by 1.73%, while Healthcare down by 0.47% and Metal down by 0.12% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 5.35%, Interglobe Aviation up by 3.62%, Bajaj Finserv up by 3.58%, Ultratech Cement up by 3.29% and Eternal up by 3.26%. On the flip side, NTPC down by 1.64%, ICICI Bank down by 0.94%, Hindustan Unilever down by 0.52%, Adani Ports &SEZ down by 0.49% and Sun Pharma down by 0.40% were the top losers.

Meanwhile, India's wholesale price index (WPI) inflation surged to 9.68 per cent in May 2026 under a new revised series, with higher food and fuel prices amid the continuing Middle East tensions due to the US-Iran war that inflated global crude prices and strained supply chains. India's wholesale inflation was 8.26% in April 2026.

The base year for the WPI has been revised from 2011-12 to 2022-23 and expands the number of commodities covered to 957 from 697. Under revised series, new sources of energy, such as Solar and Wind, have been added under ‘Electricity’ Group. In addition, Nuclear Electricity has been included in the basket. Further, Crude Petroleum and Natural Gas has been shifted from ‘Primary Articles’ to ‘Fuel and Power’ major group. This reorganization has been done to ensure better alignment, as this group already houses other major fuels such as coal, electricity, and petroleum products.

Across Major Groups, YoY inflation for Primary Articles, Fuel and Power, and Manufactured Products is 4.99 per cent, 30.33 per cent, and 7.48 per cent, respectively in May 2026, whereas it was 3.78 per cent, 24.89 per cent, and 6.68 per cent, respectively, in April 2026. Besides, India's wholesale food prices inflation stood at 4.49 per cent in May 2026.

CNX Nifty touched high and low of 24,011.40 and 23,817.80, respectively. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Trent up by 5.31%, HDFC Life Insurance up by 4.72%, Shriram Finance up by 4.61%, Eicher Motors up by 4.47% and Interglobe Aviation up by 3.80%. On the flip side, NTPC down by 1.58%, Bajaj Auto down by 1.26%, ONGC down by 1.12%, ICICI Bank down by 0.95% and Hindalco down by 0.80% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 13.08 points or 0.12% to 10,484.80, France’s CAC rose 99.03 points or 1.19% to 8,449.90 and Germany’s DAX gained 340.7 points or 1.38% to 24,976.00. 

Asian markets settled higher on Monday, led by Japan's Nikkei 225 and South Korea's Kospi Index, as investors cheered a breakthrough agreement to end the conflict between the United States and Iran. This agreement is expected to ease investor concerns about inflationary pressures and lessen the need for interest-rate hikes. The historic peace deal between the United States and Iran is scheduled to be officially signed on Friday, June 19, in Switzerland. Market sentiments also improved by tracking Wall Streets’ gains last Friday. Japanese shares soared and broke above the 69,000 level as geopolitical tensions eased, while the yen weakness persisted and government bond yields tumbled ahead of the Bank of Japan policy meeting. Meanwhile, major central banks (including the Fed and BOE) are scheduled to hold monetary policy meetings this week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,096.47

64.96

1.61

Hang Seng

24,842.67

124.57

0.50

Jakarta Composite

6,254.97

247.31

3.95

KLSE Composite

1,691.39

7.76

0.46

Nikkei 225

69,317.50

3,297.46

4.99

Straits Times

5,077.29

51.49

1.02

KOSPI Composite

8,545.98

422.36

5.20

Taiwan Weighted

45,396.99

1,227.95

2.78
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