Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on news reports Iran is signaling it wants to restart talks over nuclear programs.

The benchmark indices rallied on Monday despite the ongoing war between Iran and Israel. Sensex jumped 677 points to 81,796, while the broader Nifty closed 228 points higher at 24,946. Investor wealth rose by Rs 3 lakh crore to Rs 450.18 lakh crore on BSE today against Rs 447.21 lakh crore on Friday.

Paint manufacturers such as Asian Paints, Berger Paints, and Kansai Nerolac source around 50% of their raw materials from crude-based derivatives like resins and solvents. These input costs are highly sensitive to crude fluctuations.

Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.

U.S. stock futures experienced significant declines following Israel’s airstrike on Iran, with S&P 500 futures dropping approximately 1.6%.

European Commission President Ursula von der Leyen and President Trump spoke on the phone Saturday ahead of the G-7 Summit in Canada next week. According to von der Leyen, the two discussed "the tense

Gold prices in Dubai have surged to near-record highs as tensions escalate between Israel and Iran, driving investors towards safe-haven assets. Check the latest rates and insights into the market impact of geopolitical instability.