Sensex Closes Sharply Higher
2026-06-12 11:10
By
Luisa Carvalho
1 min. read
India’s BSE Sensex gained ground to close about 2.3% firmer at 75,528 on Friday, the biggest daily gain since early April, tracking a global rally fueled by optimism around a looming US-Iran deal.
Oil prices declined sharply following comments from US President Trump, who said Washington and Tehran could reach a peace agreement as soon as this weekend and could reopen the Strait of Hormuz.
The emerging peace deal reduces geopolitical risks and could support renewed foreign inflows into Indian equities.
Gains were broad-based, led by banking, financial, realty, auto, and consumer stocks.
Private sector lenders saw strong buying, led by HDFC Bank (3.7%), Axis Bank (2.9%), Kotak Mahindra Bank (2.6%), and ICICI Bank (1.7%).
Bajaj Finance emerged as the top gainer, surging 5.6%, followed by Larsen & Toubro (4.9%), IndiGo (4.6%), Titan Company (4.%), and Eternal (3.9%).
Meanwhile, the IT sector was pressured by a 2.2% slump in Tech Mahindra.
For the week, the index booked a gain of 1.7%.