Lagatar24 Desk
Indian stock markets rallied sharply on news of a finalised US-Iran deal, with the Sensex jumping 1,293 points to cross 76,821 in early trade, while the Nifty surged past the 24,000 mark, adding over Rs 8 lakh crore to investor wealth.
Market Cap Crosses Rs 8 Lakh Crore in Single Day
As buying momentum picked up, the overall market capitalisation of BSE-listed companies surged past Rs 8 lakh crore. On June 12, the previous trading day, the total market cap of all BSE-listed stocks stood at Rs 4,61,45,088.728 crore. By the time markets opened on June 15, it had jumped to Rs 4,69,55,043.96 crore, marking a gain of Rs 8,09,955.232 crore for investors.
Crude Oil Continues to Slide Globally
The deal news triggered a rally across global markets while crude oil prices fell sharply. Brent crude dropped 4 percent to $83.80 per barrel, while US crude declined 4.7 percent to $80.90 per barrel.
Realty and PSU Banks Lead Sectoral Gains
Sector-wise, all Nifty indices were trading in the green except pharma. The realty sector led the rally, gaining over 2.5 percent, while the PSU bank index was up more than 2 percent. Nifty Auto rose nearly 2 percent, and FMCG, IT, and metal indices each gained around 1 percent.
Broad-Based Rally Across BSE Stocks
Of the 3,013 stocks trading on the BSE, 2,386 were in the green, 432 were down, and 195 remained unchanged. Additionally, 89 stocks touched their one-year highs while 22 stocks hit their one-year lows during the session.
