47
Markets1h 54m ago

The Nifty Auto index rallied 2%, with several auto stocks like Ashok Leyland and Bosch surging up to 4% in Friday's intra-day trade, after crude oil prices slipped below $90 a barrel.

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National Stock Exchange (NSE), India, Middle East

Who
Nifty Auto Index, Ashok Leyland, Bosch, Tube Investments of India, Tata Motors Passenger Vehicles, Maruti Suzuki India, Eicher Motors, TVS Motor Company, Hero MotoCorp, Donald Trump
What
The Nifty Auto index rallied 2%, with several auto stocks like Ashok Leyland and Bosch surging up to 4% in Friday's intra-day trade, after crude oil prices slipped below $90 a barrel.
When
Fri, 12 Jun 2026 04:51:55 GMT · 1h 54m ago
Where
National Stock Exchange (NSE), India, Middle East ·
Why
Crude oil prices fell below $90 per barrel due to easing Middle East tensions after Donald Trump cancelled planned strikes on Iran, boosting sentiment for automakers and easing cost concerns.
The Frontline Impact

How this affects you

The decline in crude oil prices is beneficial for India, as it helps alleviate inflationary pressures, reduces the country's import bill, and supports corporate earnings, positively influencing the automotive sector's market performance.

Story chain

22 events in this thread
  1. Markets1h 12m ago
    Asian stocks extended a global rally on Friday as hopes grew for a potential Middle East peace deal.
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  2. Markets1h 12m ago
    Asian stocks extended a global rally on Friday as hopes grew for a potential Middle East peace deal, causing the dollar and bond yields to dip, while oil prices hit two-month lows, easing inflation concerns.
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  3. Markets1h 25m ago
    South Korean stocks recorded a strong jump on Friday, with the benchmark KOSPI surging more than 8 percent, as investors cheered signs of easing geopolitical tensions in the West Asia.
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  4. Markets1h 32m ago
    Bitcoin traded at $63,550 on Friday, up 1.6% on the day, with President Donald Trump stating the US was close to a deal with Iran and he had "ended the war with Iran today."
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  5. Markets1h 37m ago
    China and Hong Kong stocks experienced a rebound on Friday, marking a potential weekly gain for the Shanghai Composite.
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  6. Markets1h 37m ago
    China and Hong Kong stocks experienced a rebound on Friday, with the Shanghai Composite potentially achieving its first weekly gain in a month.
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  7. Currently Reading1h 54m ago
    The Nifty Auto index rallied 2%, with several auto stocks like Ashok Leyland and Bosch surging up to 4% in Friday's intra-day trade, after crude oil prices slipped below $90 a barrel.
  8. Markets2h 31m ago
    Indian shares advanced on Friday as oil prices fell after U.S. President Donald Trump cancelled plans to strike Iran, citing progress in talks.
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  9. Markets2h 37m ago
    The BSE Sensex jumped 981 points, or 1.33%, to 74,814 in early trade, while the NSE Nifty 50 gained 272 points, or 1.17%, to trade at 23,434.
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  10. Markets2h 41m ago
    Indian equity markets rose in the morning session on Friday, with Sensex surging 1.35 percent and Nifty rising 1.26 percent.
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  11. Markets3h 41m ago
    South Korean stocks jumped as risk appetite improved after President Donald Trump said the US was nearing an agreement with Iran to end the war.
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  12. Markets3h 41m ago
    Gold jumped the most in more than two months after US President Donald Trump said he canceled planned military strikes against Iran.
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  13. Markets4h 21m ago
    Stock markets across Asia surged following President Donald Trump's announcement that planned strikes on Iran were canceled, with Brent crude futures falling below $90 a barrel.
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  14. Markets4h 21m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, on optimism over the US decision to not go ahead with planned strikes on Iran.
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  15. Markets4h 21m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, following optimism over the US decision to not go ahead with planned strikes on Iran.
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  16. Markets4h 38m ago
    Indian markets are predicted to open positively today, June 12, 2026, following a strong global equities rally driven by optimism for a US-Iran peace deal.
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  17. Markets4h 38m ago
    Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on Friday, tracking strong gains across global markets after optimism grew over a possible peace agreement between the United States and Iran.
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  18. Markets5h 14m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
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  19. Markets5h 44m ago
    U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.
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  20. Markets6h 6m ago
    Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.
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  21. Markets6h 50m ago
    US stocks rallied, adding $1.2 trillion in market value, after President Donald Trump signaled a possible Iran deal and reports emerged of cancelled airstrikes.
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  22. Markets8h 36m ago
    US stocks rallied and oil prices tumbled on Thursday after US President Trump announced the cancellation of planned strikes on Iran and touted a deal with the country.
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