Mumbai, June 16, 2026:
Indian benchmark indices extended their winning streak for a third consecutive session on Tuesday, with the Stock Market Today rally driven by positive global cues, easing crude oil prices, and renewed foreign institutional investor (FII) buying.
The BSE Sensex gained 544.15 points, or 0.71%, to close at 76,808.48, while the NSE Nifty 50 advanced 135.25 points, or 0.57%, to settle at 23,989.15, narrowly missing the 24,000 mark.
Stock Market Today: Sensex and Nifty Extend Rally
The latest gains have pushed the Sensex up by nearly 2,976 points over the last three trading sessions, while the Nifty has climbed more than 827 points during the same period.
Market participants were encouraged by improving global sentiment following reports of a peace agreement between the United States and Iran, which eased concerns about energy supply disruptions and contributed to softer crude oil prices.
HCL Tech Tops Gainers List
Among Nifty stocks, HCL Technologies emerged as the biggest gainer, rising 3.55% after announcing a ₹1,427 crore investment in Sarvam AI for a 10.46% stake.
Other major gainers included:
- HCL Tech (+3.55%)
- Tata Consumer (+2.78%)
- NTPC (+2.15%)
- Bajaj Finserv (+2.12%)
- Hindustan Unilever (+2.04%)
IT, FMCG, energy, and financial stocks provided strong support to the market rally.
Hindalco Leads Losers
Despite the broader market strength, several stocks ended lower.
Top losers included:
- Hindalco (-3.11%)
- JSW Steel (-1.72%)
- HDFC Life (-1.17%)
- Apollo Hospitals (-0.93%)
- Eicher Motors (-0.84%)
Metal and auto stocks witnessed profit booking after recent gains.
Crude Oil Eases After US-Iran Developments
A key factor supporting the Stock Market Today rally was the decline in global crude oil prices.
Brent crude fell around 2% to approximately $81.45 per barrel after reports that the United States and Iran reached an understanding to reopen the Strait of Hormuz, easing concerns over disruptions in global energy supplies.
Lower oil prices are generally viewed as positive for India’s economy because the country imports a significant portion of its energy requirements.
FIIs Return as Buyers
Foreign Institutional Investors (FIIs) also contributed to the positive momentum.
According to exchange data, FIIs purchased Indian equities worth ₹200.05 crore on a net basis during the previous session, improving investor confidence.
Broader markets also ended in positive territory, with mid-cap and small-cap indices recording modest gains.
Global Markets Support Sentiment
Global equity markets remained largely positive.
US markets ended Monday’s session sharply higher, with the Nasdaq gaining 3.07%, the S&P 500 rising 1.65%, and the Dow Jones advancing 0.92%.
European markets traded higher, while Asian markets showed mixed performance during Tuesday’s session.
Analysts believe market sentiment will continue to be influenced by global developments, crude oil prices, and foreign investment flows in the coming days.