Stock Markets Rise on US-Iran Peace Deal, Crude Oil Prices Drop Indian stock markets surged for the second consecutive session on Monday, with the benchmark Sensex closing 736 points higher at 76,264 and the Nifty 50 index climbing 231 points to 23,853. The rally followed the announcement of a historic US-Iran peace deal that ended their 107-day conflict and opened the Strait of Hormuz, a critical oil transit route. Global equities also rallied, while crude oil prices plummeted to three-month lows, easing inflationary pressures in energy-dependent economies like India. The Sensex opened the session with a sharp jump of 1,293 points, reaching 76,821 before settling at 76,264. The Nifty followed a similar trajectory, surging 388 points during the day to 24,011 before closing at 23,853. This marked a continuation of the previous day’s gains, where the Sensex had risen 1,695 points and the Nifty had climbed 461 points. The market rebound was attributed to the geopolitical resolution and the subsequent decline in oil prices, which had been a key driver of inflation in recent months. The US and Iran finalized their agreement on June 19 in Switzerland, with US President Donald Trump announcing the deal on Truth Social. The pact aimed to end the blockade of the Strait of Hormuz, which had disrupted global oil supplies and caused volatility in energy markets. The deal’s announcement led to a sharp drop in crude oil prices, with Brent Crude falling 5% to around $82.90 per barrel. Analysts noted that the reduction in oil prices would benefit India, which relies heavily on imported energy, by lowering input costs and easing inflationary pressures. Among the Sensex-listed companies, Trent, InterGlobe Aviation, Bajaj Finserv, UltraTech Cement, Eternal, and Maruti were the top performers.#donald_trump #strait_of_hormuz #sensex #nifty_50 #us_iran_peace_deal
