Stock Market Update : Iran-Israel Ceasefire Triggers Rally; Sensex and Nifty Hit Record Highs

Following the ceasefire between Iran and Israel, the Indian stock market witnessed a significant surge, with both the Sensex and Nifty hitting record highs. The geopolitical tension, which had rattled global markets for weeks, has now given way to renewed investor confidence.

The cessation of hostilities between the two countries brought relief to global investors, who had been on edge due to fears of prolonged conflict. Alongside this development, U.S. President Donald Trump, while speaking at the NATO Summit, announced that talks with Iran may resume next week, further boosting market sentiment.

Market Rally at a Glance:

• Sensex surged by 1,000 points, closing at a record 83,755

• Nifty climbed 304 points, ending the day at 25,549

• Both indices registered a 1% increase

• Bank Nifty soared by 585 points, settling at 57,206, marking a strong performance in the banking sector

The month of June thus concluded on a high note for the domestic equity markets, as easing geopolitical tensions and positive international cues encouraged buying across sectors. Market analysts suggest that this rally could continue if diplomatic efforts between the U.S. and Iran progress positively. Investors are now shifting focus to upcoming earnings reports and domestic macroeconomic data.