June 16 (Reuters) – India’ stock benchmarks opened higher on Tuesday after rising about 3% in the previous two sessions, boosted by a preliminary peace deal between Iran and the U.S. that triggered a sharp drop in crude oil prices.
The benchmark Nifty 50 , rose 0.28% to 23,922.15, while the BSE Sensex added 0.35% to 76,529.74, as of 9:24 a.m. IST.
All but one of the 16 major sectors logged gains at the open. The broader small-caps and mid-caps gained 0.5% and 0.3%, respectively.
Other Asian markets rose 0.5%, while Wall Street equities closed higher overnight.
Brent crude futures hovered at around $83 a barrel. Lower oil prices are a positive for India, the world’s third-largest oil importer, as they help ease pressure on inflation, the rupee and the country’s trade deficit. [O/R]
Signs of a reversal in foreign flows, aided by the Reserve Bank of India’s measures to stabilise the rupee and attract overseas capital, also lifted sentiment. Foreign investors have sold a record $30 billion of Indian equities so far in 2026.
They turned net buyers on Monday after 13 straight sessions of selling, purchasing Indian shares worth 2 billion rupees ($21.2 million).” />($1 = 94.5450 Indian rupees)
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Ronojoy Mazumdar
