MARKET PULSE
Sensex, Nifty jump on crude drop, peace hopes
Indian equities saw their strongest day in weeks as easing US‑Iran tensions and a sharp crude fall drove a broad rally, with Sensex up about 1,700 points and Nifty back above 23,600. Banks led gains, the rupee and bonds firmed, and global risk appetite improved alongside SpaceX’s US debut.
Updated 13 Jun 2026, 2:00 am IST · next at 13 Jun 2026, 8:00 am IST
Sentiment
Bullish tone
- · crude oil slump
- · US‑Iran peace hopes
- · strong bank rally
What matters now
- Sensex gains ~1,700 points, Nifty closes above 23,600
- Crude slips below $90, easing inflation worries and macro stress
- Bank Nifty rises around 3%, all 14 components close higher
- Rupee and bonds firm as oil slump supports capital flows
- Global markets rise on US‑Iran peace hopes and risk appetite
Stock categories in play
- Banks & NBFCs▲ positiveBank Nifty jumps ~3%, leading today’s index gains.Screen lens: Conventional banks are interest-based and usually non-compliant.
- Oil & gas◮ mixedLower crude pressures upstream margins but cuts costs for energy users.Screen lens: Integrated O&G often use more leverage; check ratios carefully.
- IT services· neutralRecent pressure from global uncertainty; not main driver of today’s rise.Screen lens: Generally business-compliant; ratio screening still needed.
- Auto▲ positiveLower fuel costs and better sentiment support discretionary auto demand.Screen lens: Most autos are Shariah-eligible if leverage stays within limits.
- FMCG▲ positiveLower input and transport costs and risk-on mood support defensives.Screen lens: Typically screen-friendly; verify debt and cash ratios.
- Infrastructure
Geopolitical lens
US‑Iran peace progress
▲ positiveLower war risk cuts crude, boosts risk assets and India’s macro outlook.
Oil price volatility
◮ mixedSharp crude fall aids India’s current account but adds sector rotation risk.
Global risk sentiment
▲ positiveUS rally and SpaceX debut lift risk appetite and Indian inflows.
For the halal portfolio
With oil easing and sentiment firmer, Shariah investors can stick to fundamentally sound, low-leverage halal sectors instead of chasing quick rallies.