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15.06.202604:35:24UTC+00Sensex Hits 5-Week High

India’s BSE Sensex opened about 1.6% higher on Monday at 76,670, its strongest level since early May, as investors participated in a broad global risk-on rally driven by reports of a breakthrough peace agreement between the US and Iran. The news bolstered risk appetite ahead of a memorandum of understanding expected to be signed in Switzerland on Friday, lifting hopes for easing geopolitical tensions and lowering risks to global energy supplies.

In tandem, Brent crude fell more than 4% to around $83 per barrel, its lowest level since March. Investors are also closely watching the upcoming US Federal Reserve policy decision for guidance on the future trajectory of interest rates.

Financials, technology, and consumer durables led sectoral gains. Among individual names, HDFC (+2.3%), BSE (+3.5%), Billionbrains (+2.5%), IFCI (+2.9%), L&T (+3.5%), and Ashok (+5.2%) advanced notably, while MTAR (-0.7%), Data Patterns (-2.9%), and Paras (-1.7%) declined.

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