Indian benchmark indices surged strongly on Friday, June 12, with NIFTY50 trading 0.82% higher at 23,351.75 points and BSE SENSEX gaining 1.02% to 74,582.61 points as of 12:16 pm. According to latest reports, the rally was driven by positive global market cues including the US-Iran deal update, lower crude oil prices, and strengthening investor sentiment. The NIFTY50 jumped 30 points and the SENSEX traded near the 73,700 levels in earlier sessions, with markets receiving support from easing hostilities between Israel and Iran.
Despite broader market consolidation, several stocks achieved fresh record highs on Friday. As reported by latest market data, Cupid shares made fresh record highs, rallying 732% YTD in 2026 and 52% in the past year, with shares trading at ₹159.98. Aster DM Healthcare hit fresh record highs at ₹836.50, delivering 46% returns in 2026 and 36% in the past year. Aegis Logistics reached ₹969.85, up 18% YTD and 32% in the past year. Federal Bank touched ₹318.35, gaining 53% YTD and 19% in the past year. Akums Drugs and Pharmaceuticals hit ₹632, delivering 10% YTD and 40% in the past year. JB Chemicals & Pharmaceuticals reached ₹2,300, up 30% YTD and 25% in the past year. Vadilal Industries touched ₹6,132, gaining 10% YTD and 21% in the past year. Goldiam International reached ₹477.95, up 30% YTD and 29% in the past year. The Jammu & Kashmir Bank hit ₹158.83, delivering 45% YTD and 54% in the past year.
According to Upstox reports, Cupid's turnaround began after Universal-Halwasiya Group purchased a controlling stake, transforming the B2B export-driven contraceptive maker into a high-growth consumer wellness platform. The company's sales exploded 114% in FY26 at ₹391 crore compared to ₹183 crore in the previous year, while net profit jumped from ₹41 crore to ₹108 crore in the same period. Belrise Industries delivered 14% YoY growth in revenue for FY26 and 45% jump in profitability, with institutional investors increasing their stakes to 10.1% and 8.8% respectively. Aster DM Healthcare continued to witness strong domestic mutual fund interest, with stakes increasing from 13.7% in FY24 to 27.5% in FY26, supported by robust revenue growth of 16% CAGR for three years at ₹4,643 crore.
The market rally was significantly boosted by major de-escalation updates regarding the US-Iran conflict. As reported by latest sources, Trump announced that discussions and final points have been approved by all parties involved, with the time and place of the signing to be announced soon. Media reports suggest that Trump claimed the United States have "ended the war" with Iran as Iran allegedly agreed to never develop nuclear weapons. This development fueled relief sentiment across global markets, prompting the gains during the 15th week of the conflict. Brent crude oil prices declined 2.11% to $88.48 per bbl as of 12:20 pm on Friday, compared with $90.38 per bbl at the previous close, with oil prices having declined nearly 5% in one week. The Indian rupee strengthened 0.56% to 95.224 against the US dollar, supporting the equity rally. Investors were also buying back major equities at lower prices in the global market after recent corrections, with improved sentiment following the multi-day AI and tech stock rally.
