Nifty above 23,600, Sensex up 1,696 pts on US-Iran peace deal hopes

The Indian share market traded on a strong note on Friday, led by easing crude oil prices, a stronger rupee and positive global cues.At close, the Sensex was up 1,695.40 points or 2.30 percent at 75,527.95, and the Nifty was up 461.30 points or 1.99 percent at 23,622.90.
Shriram Finance, L&T, InterGlobe Aviation, Bajaj Finance and Titan Company were the top gainers on the Nifty, while losers included Nestle India, ONGC, Tech Mahindra, Tata Consumer and SBI Life Insurance.On the sectoral front,all indices closed in positive territory. Consumer durables, realty, telecom, banking, auto, media, oil & gas and metal indices gained 1-2 percent.The broader market outperformed the benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising more than 2 percent each.For the week, BSE Sensex jumped 1.7 percent and Nifty added 1 percent.
Rupee Close: 
On 12 Jun'26,the Indian rupee ended 77 paise higher to close at 95.08 against the US dollar on Friday as global oil prices fell sharply after U.S. President Donald Trump indicated an imminent deal with Iran.
Trading Guide:
Market experts recommended five shares to buy on Friday—Jindal Poly Films, SIS, Ajanta Pharma, ICICI Bank, and Neogen Chemicals.

(Business Correspondent)