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10 min read | Updated on June 15, 2026, 08:22 IST
SUMMARY
Asian markets were trading sharply higher following the announcement of the peace deal between US an Iran. Japan's Nikkei surged 5.42%, China's Shanghai Composite advanced 1.21%, and Hong Kong's Hang Seng surged 0.6%.

NIFTY futures at GIFT City in Ahmedabad surged 304 points or 1.3% to 23,990. | mage: Shutterstock
The Indian equity benchmarks are set to stage a gap up opening on Monday, June 15, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad surged 304 points or 1.3% to 23,990 amid strong cues from Asian markets after United States and Iran agreed on a peace deal.
Crude oil prices crashed in international markets after President Donald Trump ordered to stop the US naval blockade of the Strait of Hormuz. Brent Crude dropped nearly 3% to $79.84 per barrel.
Asian markets were trading sharply higher following the announcement of the peace deal between US an Iran. Japan's Nikkei surged 5.42%, China's Shanghai Composite advanced 1.21%, Hong Kong's Hang Seng surged 0.6% and South Korea's KOSPI climbed 5.13%.
US President Trump confirmed the deal and authorised an end to the US naval blockade of Iranian ports. But it may take months for oil prices to stabilise after the disruptions from the war caused them to surge, pushing costs up gasoline and many other products.
Details of the deal were not immediately released and Iran signalled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland. It could provide a way to end a war that killed thousands across the Middle East, including the top leaders of Iran’s theocracy, and sparked a historic energy crisis.
US stocks rose on Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street.
The S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points, or 0.7%, and the Nasdaq composite gained 0.3%, according to a report by AP.
Foreign institutional investors (FII) sold shares worth ₹1,082.18 crore on Friday while domestic institutional investors bought stocks worth ₹5,341.29 crore, as per NSE data.
FIIs have so far this year sold shares worth ₹2,87,785 crore, data from National Securities Depository Limited (NSDL) showed.
NIFTY50 index bounced back sharply from lower levels and managed to defend it at the close on Friday. The index rallied over 1% for the last week, breaking the streak of negative closing.
On the daily charts, the index closed above the 20 EMA after 10 trading sessions. However, the index has traded below the 50 EMA for 11 trading days.
A closing above 50 EMA for two consecutive days would revive bullish momentum in the index. In the long-term, the 23,070 remains a crucial support, with 24,000 as a crucial psychological resistance for NIFTY50.
The open interest data for tomorrow’s weekly expiry turned bullish on Friday after heavy OI concentration on the lower levels of the NIFTY50. The 23,200 to 23,500 puts witnessed a strong open interest addition, with 23,400 put, holding the highest open interest, indicating strong support at lower levels till 23,200. On the flipside, 24,000 calls hold the highest open interest, indicating a strong resistance for NIFTY50.
According to a regulatory filing, Meesho's board approved the acquisition of a 100% stake in Singapore-incorporated Kirana Club Pte Ltd and its Indian subsidiary, Retail Pulse Labs Pvt Ltd (RPLPL).
The acquisition will be completed in three tranches on or before March 31, 2027, the company said.
“The Board of Directors of Meesho Ltd…has considered and approved the acquisition of 100% of the share capital of Kirana Club Pte Ltd, a company incorporated under the laws of Singapore, and 0.41% of the share capital of Retail Pulse Labs Pvt Ltd, an existing subsidiary of Kirana Club incorporated under the laws of India…for an aggregate consideration amounting to Rs 2,02,08,52,202.40, in three tranches,” it said.
Dr. Reddy’s holds the exclusive marketing rights for the product in the United States. MSN is responsible for the development and manufacturing of the product.
"The transaction is subject to receipt of the necessary regulatory approvals and other customary conditions under the definitive agreement. Upon consummation of the transaction, MCCPL will become a wholly-owned subsidiary of the company," it said.
Besides, JSW Neo, a wholly owned subsidiary of JSW Energy, has successfully commissioned the full 150 MW capacity of Tidong Power, a run-of-river hydroelectric power plant in the Tidong Valley situated in Kinnaur district of Himachal Pradesh.
The inspection had concluded with 11 observations.
Syngle said the recent escalation in West Asia has added to uncertainty surrounding the global economy, particularly for import-dependent markets such as India.
"The business environment will remain dynamic. Competitive intensity, commodity movements, external volatility and supply-chain risks will continue to require discipline," he said while addressing the shareholders.
Embassy Developments, part of Bengaluru-based Embassy Group, had invested nearly ₹1,200 crore during the 2025-26 financial year.
In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani said, "We will be stepping up investment on construction activities this fiscal to ₹1800-₹2000 crore.
Virwani said the construction work is progressing well across all ongoing residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR.
Insurance behemoth LIC alone commands close to 60% market share in the life insurance segment and manages assets of over ₹57 lakh crore. It has real estate properties valued at around ₹60,000 crore.
The story of Life Insurance Corporation of India (LIC), which completed its 70th year of existence, is inseparable from the story of India.
“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump said in a Truth Social post. Hormuz will open without a toll system, and the U.S. will end its naval blockade of Iran, the president said.
“Ships of the World, start your engines,” Trump said. Let the oil flow!”
When last seen, WTI crude futures traded 4.83% lower, while Brent crude futures were trading 4.13% lower.
A fall in crude oil prices is generally positive for OMCs, paints, tyres, and aviation stocks.
In a clarification submitted to stock exchanges, the company said it was made aware of the complaint through the Food Safety and Standards Authority of India (FSSAI) following concerns raised by an unverified account on social media platform X.
"We categorically reject allegations circulating on media basis an unverified account regarding the presence of infestation, allegedly on MAGGI noodles," said Nestle India in response to a query from the NSE and the BSE on a media report published on June 12.
The company said it is "yet to receive" any sample from the complainant for assessment, and did not receive any response from them while the social media account remained unreachable.
The four demerged arms of Vedanta Ltd, namely, Vedanta Oil and Gas Limited (formerly known as Malco Energy Limited), Vedanta Power Limited (formerly known as Talwandi Sabo Power Limited), Vedanta Aluminium Metal Limited, and Vedanta Iron and Steel Limited, shall be listed on Monday, June 15, 2026. All four stocks will be placed in the Trade-for-Trade (T2T) segment for the first 10 trading sessions.
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