Benchmark indices ended higher on June 16, buoyed by positive global cues stemming from progress in US-Iran talks.
The Sensex rose by 200 points, closing at 52,300, while the Nifty 50 gained 60 points to settle at 15,700.
Investors were optimistic as developments in the US-Iran negotiations suggested a potential easing of geopolitical tensions, which could positively impact global trade and energy markets.
The energy sector led the gains, with Reliance Industries and ONGC seeing significant upticks.
Analysts noted that the market's performance was also supported by strong foreign institutional investor (FII) inflows, which have been consistent over the past few weeks.
However, concerns remain over inflationary pressures and potential interest rate hikes by central banks globally.
Background
The ongoing US-Iran talks have been closely watched by global markets, as any resolution could lead to a stabilization of oil prices and reduced geopolitical risks.
Market participants are advised to keep an eye on upcoming economic data releases and central bank meetings, which could influence market direction in the coming weeks.
