Last Updated:June 20, 2025, 11:06 IST
Sensex and Nifty 50 posted strong intraday gains on Friday, June 20, defying escalating tensions between Israel and Iran
Why Is Stock Market Rising Today?
Why Is Market Rising Today? Indian stock market benchmarks Sensex and Nifty 50 posted strong intraday gains on Friday, June 20, defying escalating tensions between Israel and Iran.
The Sensex opened slightly lower at 81,354.85 compared to its previous close of 81,361.87 but surged over 800 points, or 1%, to touch an intraday high of 82,186.37. Similarly, the Nifty 50 began at 24,787.65 and climbed 1% to hit an intraday peak of 25,040.45 from its previous close of 24,793.25.
Among the top gainers on the Sensex were Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, SBI, Eternal, Maruti Suzuki, and Axis Bank, all rising up to 1.5%. However, IndusInd Bank, Bajaj Finance, Tech Mahindra, and Titan opened in negative territory.
In contrast, Asian markets opened on a subdued note following reports of Israel bombing Iranian nuclear facilities, which prompted retaliatory missile and drone attacks from Iran.
Meanwhile, the White House stated that President Donald Trump would decide within two weeks whether the US would provide military support to Israel.
Investor sentiment remained upbeat in Indian markets, reflected in the rise in overall market capitalisation of BSE-listed companies, which grew by nearly Rs 3 lakh crore to reach Rs 446 lakh crore, up from Rs 443 lakh crore in the previous session.
What’s Fueling the Stock Market Rally in India?
Market Rebound After Recent Weakness
Following three sessions of subdued trade, Indian equities are bouncing back as investors take advantage of attractive stock valuations. Experts believe the underlying economic fundamentals remain strong, prompting renewed buying interest and short covering in key sectors.
Drop in Crude Oil Prices Lifts Sentiment
A sharp decline in crude oil prices has provided a tailwind to the market. Brent crude slipped over 2% to near $77 per barrel, easing inflationary and fiscal concerns. Despite escalating Middle East tensions, the fall is attributed to profit booking and uncertainty surrounding potential US intervention in the Israel-Iran conflict.
White House Press Secretary Karoline Leavitt confirmed that President Donald Trump is expected to make a decision on US involvement within two weeks—keeping geopolitical anxiety high but market reaction measured for now. Analysts say oil remaining below $80 per barrel is a positive sign for Indian equities.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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