Morning Bell 15th June 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices witnessed a strong rally on 12 June, driven by aggressive short covering and improving global sentiment . Optimism surrounding a potential US - Iran peace deal, a decline in crude oil prices below the $88 mark, a sharp recovery in the Indian Rupee, and supportive global cues collectively fueled buying interest throughout the session .
* At the close, the Sensex surged 1,695 .40 points (2.30 %) to 75,527 .95 , while the Nifty gained 461 .30 points (1.99 %) to settle at 23 ,622 .90 , reclaiming and closing comfortably above the 23 ,600 marks .
* Sectorally , buying was broad - based with all major indices ending in positive territory . The rally was led by Nifty Realty, Financial Services, PSU Banks, Private Banks, and Consumer Durables, which advanced between 2% and 4%. The only relative laggard during the session was the Nifty IT Index, which underperformed the broader market despite ending in the green .
* Gift Nifty signals a gap up opening for the Indian market amid strong global cues . Nifty spot in today's session is likely to trade in the range of 23 ,500 - 24 ,000 .
Global Updates
* Wall Street closed out Friday's regular operations firmly in positive territory, sealing a highly successful week . Strong breadth accompanied the gains as market panic completely deflated .
* The geopolitical war premium completely collapsed over the weekend . On Sunday, June 14, mediator Pakistan announced that the United States and Iran officially signed a comprehensive framework deal ensuring an "immediate and permanent" end to military operations on all fronts . Under the 14- point memorandum of understanding, the strategic Strait of Hormuz will immediately reopen to all international shipping traffic, and naval blockades have been lifted .
* As part of the signed accord, the U.S . will release $12 billion in frozen assets to Tehran immediately to jumpstart a 60 - day diplomatic negotiation period . While the upcoming rounds of talks will focus on permanent nuclear restrictions, the sudden removal of supply threats across major oil corridors has shifted global market sentiment firmly back into aggressive "risk - on" mode .
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