Sensex, Nifty 50 Surge Over 1% After Renewed Expectations Of US-Iran Peace Deal

Stock Market Opening Bell: The Indian benchmark indices Sensex and Nifty 50 rang in green on Friday, June 12, tracking strong gains across global markets after the US President Donald Trump's statement on cancelling plans to strike Iran.

While Nifty 50 surged 1.08% to 23412.50 level, Sensex rose 1.19% to 74709.30 level.

Market participants were buoyed by US President Donald Trump calling off strikes against Iran after initially saying the US would hit the West Asian nation "very hard." Brent Crude Oil futures slipped over 6% from Thursday's highs and hovered near $89 per barrel.

The US President Donald Trump on Thursday claimed that the US "just made a great settlement of the war with Iran," subject to the “finalisation of documents.”

The positive global triggers comes after Indian equity markets closed lower in the last session due to escalations in the Middle East, which impacted  investor confidence and reduced expectations of a near-term end to the conflict.

Stocks In Focus On June 12 

• TCS partnered with Anthropic to scale enterprise AI adoption, train 50,000 employees on Claude AI, and develop AI solutions for regulated industries.
• Infosys is working with IHH Healthcare on an AI-powered ERP transformation using Infosys Topaz to unify systems and improve
  efficiency across multiple countries.
• LTTS partnered with Databricks to develop Industrial AI solutions that enhance asset performance, operational efficiency, and
  sustainability for industrial enterprises.
• AstraZeneca Pharma received Indian approval to use Enhertu as a first-line treatment for HER2-positive advanced breast cancer.
• Alembic Pharmaceuticals received tentative USFDA approval for Larotrectinib Capsules, with projected USA sales estimated at USD 91mn.
• Zaggle Prepaid Ocean Services signed a 5-year deal with Crompton Greaves Consumer Electricals to provide its employee expense and benefits platform, with value based on usage.
• Oil India partnered with Canada’s PTRC to collaborate on clean energy technologies, including CCUS, geothermal energy, and enhanced oil recovery research.