- By Aditya Pratap Singh
- Fri, 12 Jun 2026 04:06 PM (IST)
- Source:JND
The domestic stock market settled sharply higher on Friday amid broad-based buying interest. Sensex jumped 1,695.41 points or 2.30 per cent to end the session at 75,527.95, and Nifty50 closed at 23,622.90, up 1.99 per cent or 461.30 points.
Except for Tech Mahindra and PowerGrid, all other stocks from the Sensex basket ended trading in green, with Bajaj Finance, L&T, Indigo, Titan, HDFC Bank, Eternal, Axis Bank, Bajaj FinServ, Kotak Bank, Ultratech Cement, Reliance, Bharti Airtel, Maruti Suzuki, Asian Paints, Tata Steel, ICICI Bank, SBI, Trent and Adani Ports being the top gainers.
What Triggered Rally Today
According to analysts, the broad-based rally in the domestic market on Friday = was driven by a sharp improvement in global risk sentiment, easing geopolitical concerns and renewed investors' confidence.
"The biggest trigger for today's move was the sudden shift in tensions in West Asia. Expectations of a potential diplomatic resolution between the US and Iran, along with the cancellation of planned military action, reduced fears of a wider conflict. This triggered a global risk-on rally, with investors moving back into equities after recent defensive positioning," said Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.
As far as India is concern a sharp decline in crude oil prices came as a positive trigger for the market.
"As concerns around supply disruptions and Strait of Hormuz risks eased, oil prices corrected significantly. Lower crude prices directly benefit India by reducing import costs, easing inflationary pressure and improving the broader macroeconomic outlook," Hariprasad K noted.
Meanwhile, Vinod Nair, Head of Research, Geojit Investments Limited, said that the year has been challenging for India, with the economy first steering the impact of US tariffs and subsequently contending with the energy-driven shock.
"While conditions on both fronts have improved, the economy still faces a demanding phase marked by inflationary pressures, weak monsoon, and a moderation in both global and domestic growth momentum. A key near-term variable is the new policy direction of the US Fed under the new chair, with a revised framework," Nair said.
Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, stated that the strong rally was driven by a combination of falling crude oil prices, easing geopolitical concerns, and positive global market cues.
"The biggest trigger has been optimism surrounding a potential diplomatic resolution in the Middle East, particularly signs of progress in negotiations between the US and Iran," Gour highlighted.