Stock market today: Significant de-escalation in geopolitical tensions following the announcement of a peace deal by the US and Iran powered global risk assets, including Indian stocks, on Monday, 15 June, as investors cheered the end of the nearly four-month-long conflict.
The immediate correction in crude oil prices also supported Dalal Street bulls, as for an import-dependent economy like India, it helps alleviate inflationary pressures, improves macroeconomic stability, and provides greater policy flexibility.
Against this backdrop, the BSE barometer Sensex closed the day 736 points or 0.97% higher at 76,264. During the day, it touched a high of 76,821.07 and has surged over 2430 points in just two sessions. Meanwhile, Nifty 50 ended the session at 23,854, up 231 points or 0.98%. It rose above 24,000 in intraday deals.
(This is a developing story. Check back for updates.)
