Macro Relief Triggers Market Surge: Nifty Sustains Positive Short-Term Trend

The Nifty 50 index was up by 93.45 points to 24,082.60 while the Sensex was up by 334.45 points to 77,142.93.

On June 17, 2026, the Indian benchmark indices, Sensex and Nifty, staged a decent recovery to extend their rally into a fourth straight session, driven by a sharp decline in global crude oil prices following a US-Iran peace deal that eased India's macroeconomic concerns, alongside expectations that the US Federal Reserve will leave interest rates unchanged. This momentum pushed the Nifty past the psychologically important 24,100 mark for the first time since early May, with broader markets outperforming and the IT, consumer durables, and FMCG sectors leading the gains headlined by stocks like Trent, Dixon Technologies, and major tech firms while the realty and metal sectors lagged behind as market analysts maintain a positive short-term technical outlook as long as the Nifty sustains its position above key support levels.