Stock markets rebounded on Monday (June 22, 2026) with the benchmark Sensex gaining 291 points following a decline in crude oil prices and supportive global cues amid hopes of diplomatic progress in U.S.-Iran talks.

The 30-share BSE Sensex climbed 291.17 points, or 0.38%, to settle at 77,094.07 following buying in select oil and gas, banking and pharma shares. During the day, the index jumped 522.66 points, or 0.68%, to 77,325.56.

The 50-share NSE Nifty surged 89.80 points, or 0.37%, to end at 24,102.90. Fresh foreign fund inflows and buying in blue-chips Reliance Industries and HDFC Bank aided the recovery, analysts said.

Among Sensex shares, Tech Mahindra was the biggest gainer, rising by 1.87%. Sun Pharma rose by 1.39%, Reliance Industries by 1.31%, Infosys by 1.29%, Bharat Electronics by 1.01% and Bajaj Finserv by 0.89%.

On the other hand, Asian Paints fell the most by 2.15%, Titan by 1.11%, and Power Grid and Trent by up to 1%. The BSE SmallCap Select index climbed 0.60 per cent and MidCap Select index went up by 0.45%.

A total of 2,635 stocks advanced, while 1,754 declined and 197 remained unchanged on the BSE. Sectorally, BSE Utilities jumped 1.01%, followed by Healthcare (0.81%), Energy (0.68%), oil and gas (0.68%), Industrials (0.62%) and Focused IT (0.62%).

Consumer Durables tanked 1.05% and FMCG dipped 0.31%. Brent crude, the global oil benchmark, declined 1.66% to $79.23 per barrel. Foreign Institutional Investors (FIIs) bought equities worth ₹4,859.07 crore on Friday (June 19), according to exchange data.

In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index ended higher, while Hong Kong's Hang Seng index settled lower.

"Indian equity markets advanced alongside regional peers as global sentiment strengthened after the first round of U.S.-Iran negotiations ended on a constructive note. The continuation of technical talks through the week has reinforced hopes of further diplomatic progress, keeping investor optimism cautious but supportive," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

Markets in Europe were trading mostly lower. U.S. markets were closed on Friday (June 19) for the Juneteenth holiday.

The U.S. and Iran have agreed on a roadmap to reach a final agreement within 60 days, following two days of talks at the Swiss resort of Burgenstock, according to a joint statement issued by the mediators, Pakistan and Qatar, on Monday (June 22).

"The market traded within a narrow range, albeit with a positive bias, as investors continued to assess the progress of U.S.–Iran negotiations. Overall sentiment remained constructive, supported by outperformance in utilities, banking, and healthcare sectors," Vinod Nair, Head of Research, Geojit Investments Limited, said.

On Friday (June 19), the Sensex dropped 607.08 points, or 0.78%, to settle at 76,802.90. The Nifty declined 154.90 points, or 0.64%, to end at 24,013.10.