MARKET PULSE
Indian equities rise on crude slump, peace hopes
Indian markets saw their strongest rally in months as easing US-Iran tensions and crude slipping below $90 lifted risk appetite, with Sensex up about 1,700 points and Nifty back above 23,600. A stronger rupee, lower bond yields and expectations of steady FPI inflows supported broad gains in cyclicals and rate-sensitive stocks.
Updated 13 Jun 2026, 10:25 am IST · next at 13 Jun 2026, 4:25 pm IST
Sentiment
Broadly positive
- · crude slump
- · US-Iran peace hopes
- · strong FPI buying
What matters now
- Sensex up about 1,700 points, Nifty rises nearly 2 percent
- Oil slips below $90 as US-Iran peace prospects improve
- Tyre, paint, airline and OMC stocks rally on lower crude
- Rupee gains as dollar longs unwind amid oil slump
- Bank Nifty surges 3 percent, signalling risk-on positioning
Stock categories in play
- Oil & gas▲ positiveOMCs and downstream energy gain from lower crude and better refining-marketing spreads.Screen lens: Some integrated energy names can be Shariah-compliant; check leverage ratios.
- Auto▲ positiveAutos outperform as fuel relief and better mood lift demand expectations.Screen lens: Many auto OEMs are commonly present in Shariah indices.
- Banks & NBFCs▲ positiveBank Nifty rallies over 3 percent on risk-on mood and better macro backdrop.Screen lens: Conventional banks and NBFCs are generally non-compliant for halal portfolios.
- Aviation▲ positiveAirlines benefit from lower ATF costs as crude falls below $90.Screen lens: Airlines are usually business-compliant; verify financial ratios.
- IT services◮ mixedStronger rupee may hit exporter earnings even as global risk appetite improves.Screen lens: Large IT firms are typically Shariah-compliant, subject to leverage screens.
Geopolitical lens
US-Iran peace progress
▲ positiveDe-escalation cuts risk premium in oil, easing India’s import bill and inflation risks.
West Asia tensions easing
▲ positiveLower war premium supports rupee, bonds and risk assets in emerging markets.
For the halal portfolio
Shariah-focused investors may favour screen-compliant energy, autos and selected industrials while avoiding conventional lenders.