Sensex surges 1,695 points, Nifty tops 23,600 as crude oil drops amid easing Middle East tensions

Benchmark indices Sensex and Nifty ended sharply higher on June 12, tracking a strong global rally amid renewed optimism surrounding a potential US–Iran diplomatic breakthrough and reports that President Donald Trump had called off planned military strikes against Iran. The 30-share BSE Sensex surged 1,695.40 points or 2.30 per cent at 75,527.95. During the day, it hit a high of 75,608.02 and a low of 74,453.39, gyrating 1,154.63 points. The 50-share NSE Nifty zoomed 461.30 points or 1.99 per cent to settle at 23,622.90. The broader market outperformed the benchmarks today, with the BSE MidCap Select Index and the BSE SmallCap Select Index rising more than 2.5 per cent each. While the BSE Midcap Select Index gained  450.58 points, the BSE Smallcap Select Index was up by 225.96 points.