Benchmark indices ended sharply higher on Friday (June 12, 2026), with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after U.S. President Donald Trump declared that his country has ended the war with Iran.

The 50-share NSE Nifty ended sharply higher by 461.30 points, or 1.99%, to close at 23,622.90. Intra-day, the benchmark index zoomed 483.75 points, or 2%, to 23,645.35.

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 Islamic Republic hours after threatening to take control of its oil industry.

Mr. Trump, speaking to reporters at the Oval office on Thursday afternoon (June 11, 2026), said Vice-President J.D. 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.