India, June 15 -- Sensex and Nifty Explode as Bulls Wake Up and Smell US-Iran Peace Deal. The Sensex surged over 1,000 points in a strong rally, driven by easing geopolitical tensions, a sharp decline in crude oil prices, and an improved global risk-on sentiment. As uncertainty faded, investors returned with confidence, leading to broad-based buying and notable short-covering across key counters. At the same time, the NSE Nifty 50 advanced more than 340 points, moving firmly toward the 24,000 mark at around 23,963 levels. The index mirrored the strength in the Sensex, supported by robust gains in banking, auto, and financial stocks, which benefited from the improving macroeconomic backdrop.

What stood out was the speed and conviction of ...