Stock Markets June 12, 2026, Mid-day Report: Markets Extend Morning Gains on Iran Deal Hopes; Positive Global Cues Lift Sentiment

Mumbai, June 12: Indian equity markets extended their morning gains through the midday session on Friday, with the BSE Sensex and NSE Nifty 50 both trading firmly higher as fresh optimism over a potential Iran-United States peace deal lifted risk appetite across global markets.  

At 11:48 am, the BSE Sensex was trading at 74,689.60, up 857.05 points or 1.16% from its previous close of 73,832.55, while the NSE Nifty 50 stood at 23,383.90, higher by 222.30 points or 0.96% from Thursday’s close of 23,161.60. 

The gains came on the heels of a strong opening, in which the Sensex had surged 991.97 points or 1.34% to 74,824.52 and the Nifty 50 had climbed 274.50 points to 23,436.10 at 09:22 IST, before paring some of those early advances into the late morning. Buying was broad-based, with financials, aviation and consumer discretionary sectors leading the advance as the market digested U.S. President Donald Trump’s announcement that a Strait of Hormuz peace deal could be signed as early as this weekend. 

Gainers & Losers 

Among the top five Nifty gainers by percentage, IndiGo (INDIGO) led the pack with a 3.22% rise to an LTP of ₹4,647.60 against a previous close of ₹4,502.40, benefiting directly from the prospect of lower crude prices if the Hormuz strait reopens. Eternal (ETERNAL) advanced 2.87% to ₹241.95 from ₹235.20, while Shriram Finance (SHRIRAMFIN) rose 2.71% to ₹910.25 from ₹886.25. Bajaj Finance (BAJFINANCE) climbed 2.35% to ₹891.00 from ₹870.55 and Titan (TITAN) added 2.04% to reach ₹4,107.20 against a previous close of ₹4,025.20.  

On the losing side, ONGC was the steepest decliner, falling 3.07% to an LTP of ₹244.85 from ₹252.60 as oil majors faced headwinds from the slide in crude prices. Tech Mahindra (TECHM) slipped 1.60% to ₹1,441.60 from ₹1,465.10, Nestlé India (NESTLEIND) dropped 1.15% to ₹1,406.20 from ₹1,422.50, Coal India (COALINDIA) declined 1.10% to ₹441.30 from ₹446.20, and Bajaj Auto (BAJAJ-AUTO) fell 0.93% to ₹10,020 from ₹10,114. 

Broader Markets & Sectoral Indices 

Across the broader market universe, the Nifty Smallcap 100 was the standout gainer, rising 1.79% to 18,018.80, while the Nifty Midcap 100 advanced 1.32% to 60,106.45 and the Nifty 500 gained 1.13% to 22,364.55 — reflecting healthy participation beyond the large-cap index.  

In the sectoral space, Nifty Bank led with a 1.42% gain to 55,958.15, underscored by strong moves in both Nifty PSU Bank (+1.55% to 8,432.70) and Nifty Private Bank (+1.33% to 27,245.10). Nifty Financial Services added 1.39% to 25,502.85.  

On the lagging side, Nifty IT was the weakest sectoral performer with a mere 0.21% gain to 27,879.95, while Nifty FMCG (+0.62%) and Nifty Auto (+0.60%) also trailed the broader advance. India VIX, the fear gauge, dropped 4.75% to 14.87, reflecting a meaningful easing of investor anxiety. 

Asian & US Markets 

Asian markets presented a largely positive picture on Friday morning. Japan’s Nikkei 225 surged 2.89% to 66,076.17 and Hong Kong’s Hang Seng advanced 1.60% to 24,637.71, with Australia’s ASX All Ordinaries also up 1.92%. On Wall Street on Thursday, the Dow Jones Industrial Average jumped 1.86% to close at 50,848.75, the Nasdaq Composite surged 2.54% to 25,809.66, and the S&P 500 gained 1.75% to 7,394.30 — all responding to easing Iran war fears after Trump cancelled planned military strikes. 

Middle East Conflict 

The Iran-U.S. conflict remained the dominant macro narrative shaping market sentiment on Friday. U.S. President Trump declared that a peace deal — which he described as a “strong memorandum of understanding” — could be signed as soon as this weekend in Europe, with Vice President JD Vance potentially signing for the U.S. side. However, Iran’s Foreign Ministry issued a cautionary note, with spokesperson Esmaeil Baghaei stating that while large parts of the agreement text had been finalised, Tehran had “not reached a final conclusion,” and the matter was still being reviewed by relevant decision-making bodies. 

Oil Prices 

Crude oil extended its sharp losses for a second consecutive session, with Brent futures falling $1.21 or 1.3% to $89.17 a barrel at 0042 GMT on Friday, while U.S. West Texas Intermediate crude was $1.23 or 1.4% lower at $86.48. On a weekly basis, Brent was on course for a 4.2% decline and WTI for a 4.4% loss — both benchmarks reversing sharply from the elevated levels seen earlier in the week when the Strait of Hormuz closure threat drove crude above $95. 

Indian Market Opening 

Indian markets opened sharply higher on Friday, shrugging off Thursday’s losses as a wave of positive global cues led by a powerful overnight Wall Street rally and a surge across most Asian markets outweighed residual caution over Iran’s refusal to confirm a final peace deal. The Sensex gapped up 991.97 points or 1.34% to 74,824.52 and the Nifty 50 opened at 23,436.10, up 274.50 points or 1.19%, at 09:22 IST, reclaiming the 23,400 level that bulls had struggled to hold through much of the prior week. Broad market participation from the opening bell — with smallcaps and midcaps advancing alongside large-caps — signalled that the rally was being driven by genuine risk-on appetite rather than isolated index rebalancing. 

Source

• nseindia.com
• bseindia.com