The Prime Daily: 16 June 2026

Authored By Prime Research | Last Modified: Jun 16, 2026 10:02 AM IST

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U.S. equities rose on Monday after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran.

The Dow Jones Industrial Average gained 0.92% to hit a new all time high, while the S&P 500 climbed 1.66% and the NASDAQ Composite jumped 3.07%. The tech heavy Nasdaq recorded its best day since March 31.

SpaceX shares gained nearly 20% after their 19% surge in the company’s public-market debut on Friday.

The CBOE Volatility Index, which measures implied volatility of S&P 500 options, fell 8.37% to 16.20, signalling a sharp drop in market uncertainty.

Crude oil prices plunged: WTI July futures fell more than 4% to $81 per barrel, and Brent declined about 4% to $83.50. Gold futures for August delivery were up over 2%, to close around $4,350 per troy ounce.

Asian markets are trading mixed today after a sharp rally in the prior session on news of the U.S.–Iran peace deal, as investors refocused on several central bank decisions, including a widely expected rate move from the Bank of Japan.

Back home, Nifty extended gains for a second consecutive session on Monday, rising 231 points to close at 23,853.

The Indian rupee appreciated by 40 paise, supported by easing geopolitical tensions that led to a decline in crude oil prices and the US dollar. Additionally, sustained dollar inflows into the debt market—driven by recent government and RBI measures—along with improving global risk appetite, provided further support to the domestic currency.

Foreign institutional investors turned net buyers in cash equities for the first time this month while In the Index futures segment their short covering /long build up continued.

Despite the intraday pullback of nearly 200 points from the day’s high, Nifty held above its 50-day DEMA, positioned near 23,772, which was decisively surpassed during the gap-up opening yesterday. This indicates that the short-term bias remains positive. On the upside, immediate resistance is seen near the 24,100 level, while the 23,600–23,700 zone is expected to provide near-term support.

After two days of sharp rise, Indian markets are set to open flat amid mixed Asian market cues.

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