Mumbai, June 16: Indian equity markets extended their winning momentum on Tuesday, with benchmark indices closing higher amid improved global risk sentiment following easing geopolitical tensions between the United States and Iran.
The BSE Sensex surged 544 points, while the NSE Nifty moved closer to the 24,000 mark, reflecting broad-based buying across sectors.
Market participants said investor confidence improved as signs of de-escalation in West Asia helped ease concerns over crude oil supply disruptions and inflationary pressure. The development supported a decline in global crude oil prices, which in turn boosted sentiment in oil-importing economies like India.
Analysts noted that easing geopolitical uncertainty has encouraged a “risk-on” approach among investors, leading to renewed inflows into equities after recent volatility. Banking, financial services, and energy stocks were among the key gainers during the session.
Broader market indices also participated in the rally, indicating sustained buying interest across large-, mid-, and small-cap segments.
Experts added that while sentiment has improved in the short term, markets may continue to track global developments, crude oil trends, and foreign fund flows for further direction.
The rally underscores the sensitivity of Indian equity markets to global geopolitical cues and commodity price movements, particularly oil.
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