The share markets in India extended gains on Tuesday, 16 June, 2026. The Sensex rallied 350 points to 76,500 level. Meanwhile, the Nifty also showed gains of around 100 points as it neared the crucial 24,000 mark. Today there is more buying in FMCG and IT shares. Stocks like HCL Tech, Bajaj Finserv, Bajaj Finance, HUL, TCS, LT and HDFC Bank were among the major gainers on the Sensex. Mixed sector-wise performance: Among the sectors on the NSE, barring Nifty Auto, Metal, Private Bank and Cement, all other indices traded with gains with Nifty Media rising the most by 1.54%. Geopolitical developments lift investor sentiment: Indian stocks have risen for the last three straight days on the back of a peace agreement between the US and Iran. US President Donald Trump had earlier announced the completion of the deal with Iran. Trump wrote that he had given full approval to open the Strait of Hormuz without any fees and that he would allow the immediate lifting of the US naval blockade. Oil drops: Oil prices further plunged on Tuesday, tracking geopolitical developments. The global standard for oil prices, Brent crude fell to $83 per barrel. Asian markets mixed US markets ended significantly higher overnight Foreign investors sold shares worth ₹4,994 crore in 7 days Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. Markets saw gains Monday Earlier yesterday, that is on June 16, the stock market saw an upward trend. Sensex closed at 76,264 with a gain of 736 points. Nifty also saw a gain of 231 points, it closed at the level of 23,853. Rupee gains: Rupee rose 4 paise to 94.54 against the US dollar on Tuesday. Post navigation Impact of Iran war on Indian economy:GDP will be lower inflation will be higher in fiscal year 2027, say economists
