Benchmark indices Sensex and Nifty rebounded in early trade on Friday (June 12, 2026) and were trading sharply higher, following a rally in global markets and a drop in crude oil prices after U.S. President Donald Trump declared that his country had ended the war with Iran.

Also read: West Asia war updates on June 12, 2026

The 30-share Bombay Stock Exchange (BSE) Sensex jumped 921.30 points to 74,753.85 during initial deals. The 50-share National Stock Exchange of India (NSE) Nifty surged 254.20 points to 23,417.25.

U.S. President Donald Trump said that a deal to end the war with Iran is nearly complete and is expected to be signed over the weekend in Europe, as he called off military strikes on the gulf nation hours after threatening to take control of its oil industry.

Mr. Trump, speaking to reporters at the Oval office on Thursday (June 11, 2026) afternoon, said Vice President JD Vance is expected to attend the signing ceremony, which could take place in Europe as soon as this weekend.

Later, addressing a tele-rally in favour of Georgia Lt. Governor Burt Jones, who is running for the post of Governor, Mr. Trump declared that the U.S. has ended the war with Iran.

“I don’t know if you heard, but we ended the war with Iran today (Thursday), and they have agreed never to have a nuclear weapon, something that we insisted on. That was the whole purpose,” Mr. Trump said.

From the 30-Sensex firms, InterGlobe Aviation, Larsen & Toubro, Bajaj Finance, Eternal, Trent and HDFC Bank were among the biggest winners. Tech Mahindra was the only laggard from the pack. Brent crude, the global oil benchmark, dropped 1.62% to $88.92 per barrel.

In Asian markets, South Korea’s Kospi jumped over 8%, while Japan’s Nikkei 225 index climbed more than 3%. Shanghai’s Stock Exchange (SSE) Composite index and Hong Kong’s Hang Seng index were also quoting higher. U.S. markets ended significantly higher on Thursday (June 11, 2026).

“The biggest overnight trigger came from the United States, where markets rebounded strongly after President Donald Trump signalled a diplomatic breakthrough with Iran and called off planned military strikes. The development significantly reduced geopolitical risk premiums that had been weighing on global equities and energy markets over the past week,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.

Asian markets have responded aggressively to the shift in sentiment, he said. “For India, the most significant macro development is the sharp decline in crude oil prices. Brent crude has corrected nearly 4%, easing concerns around imported inflation, the current account deficit, and rupee stability,” Mr. Hariprasad added.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,987.09 crore on Thursday (June 11, 2026), according to exchange data. In the previous session, the 30-share BSE Sensex declined 150.63 points, or 0.20%, to settle at 73,832.55. The Nifty edged lower by 53.35 points, or 0.23%, to end at 23,161.60.