Stock markets extend rally to fourth day as easing crude oil prices fuel buying

Stock market benchmark indices Sensex and Nifty ended higher on Wednesday (June 17, 2026), taking their winning run to the fourth straight session, buoyed by softening crude oil prices following a peace deal between the U.S. and Iran.

The 30-share BSE Sensex climbed 347.14 points, or 0.45%, to settle at 77,155.62. During the day, it jumped 410.51 points, or 0.53%, to 77,218.99.

The 50-share NSE Nifty rallied 96.55 points, or 0.40%, to end at 24,085.70. Intraday, the benchmark advanced 119.05 points, or 0.49%, to 24,108.20.

Among the 30 Sensex firms, Trent jumped the most, by 7.06%. Bharat Electronics, Eternal, Tata Steel, Infosys, Titan and Bharti Airtel were also among the winners.

Bajaj Finserv, Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra were among the laggards.

Brent crude, the global oil benchmark, traded at around $79.10 per barrel.

“Continued weakness in crude oil prices, driven by easing geopolitical tensions around the Strait of Hormuz, has kept investor sentiment buoyant,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index ended higher, while Hong Kong’s Hang Seng index settled lower.

Markets in Europe were trading on a mixed note.

U.S. markets ended mostly lower on Tuesday (June 16, 2026).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹749.18 crore on Tuesday (June 16, 2026) after a day’s breather, according to exchange data.

On Tuesday (June 17, 2026), the Sensex jumped 544.15 points, or 0.71%, to settle at 76,808.48. The Nifty climbed 135.25 points, or 0.57%, to end at 23,989.15.