Global Market

Nifty Realty was the top gainer, rising 3.96%, followed by Auto up 2.6% and Metal higher by 1.78%. Nifty Pharma fell 0.66%, the only sector in the red.

The decline extended a broader retreat in oil prices as traders responded to signs that a prolonged disruption to energy flows through the Strait of Hormuz could ease.

Japan's Nikkei rose 4.68% to 69,108.03, marking the strongest move among key regional indices. South Korea's Kospi gained 5.64% to 8,581.47.

Engineers, launch operators and even hourly blue-collar workers who once sat for days in windowless offices in South Texas, betting their careers on Elon Musk's vision, are among these millionaires.

"Only time will tell whether we, the human race, have arrived in the fairy tale world we grew up in as children, or are in a mega bubble," Kotak said, while commenting on the SpaceX IPO.

The jump in price turned Musk into the world's first trillionaire and sent the company's market capitalisation above $2 trillion.

Minutes after the first trade, SpaceX shares soared further, rising 20% above the IPO price to $162 apiece on the Nasdaq.

The $75 billion SpaceX IPO lifted Elon Musk's net worth above $1.1 trillion, highlighting investor confidence in his empire spanning electric vehicles, space technology, artificial intelligence and social media.

On Friday, the NSE Nifty 50 rose 1.99% to close at 23,622.90, up 461.30 points. The BSE Sensex climbed 2.30% to 75,527.95, gaining 1,695.40 points.

SpaceX could enter the Nasdaq-100 as soon as about 15 trading days after its Nasdaq debut, provided it meets Nasdaq's size, liquidity and eligibility requirements.

The IPO of Space Exploration Technologies Corp., as the rocket, satellite and artificial-intelligence company is formally called, drew more than $100 billion of orders from retail investors, people familiar with the matter have said.

While the legislation has twice passed the National Assembly, it remains far from becoming law. The French government opposes the move, ArcelorMittal rejects the rationale behind it, and the Senate has already voted against the proposal once.

South Korea's Kospi lead the gains as Asia-Pacific markets traded higher on June 12. The Kospiadvanced 7.01% at open, while the small-cap Kosdaq added 3.25%.

SpaceX launched the largest IPO ever, raising seventy five billion dollars and achieving a valuation of 1.77 trillion dollars, making it one of the top ten public companies globally.

SpaceX's offer document describes a three-engine business, and rockets are the smallest of them.

On Wednesday, the shares had ended 0.82% lower at $107.04 as the tech selloff persisted.

Crude oil rates jumped after Trump's announcement with Brent crude futures trading 0.14% higher at $93 per barrel and West Texas Intermediate rising 0.72% to $90.6 per barrel.

For Americans who identify SpaceX with its CEO, billionaire Elon Musk, who was instrumental in the early months of Republican President Donald Trump's second term, the firm is also rather divisive.

Sectoral performance remained mixed, with pharma and banking stocks leading gains while defence and IT indices declined. Nifty Pharma rose 1.14%, while Nifty Defence fell 1.63%, while Nifty IT and PSU Bank declined around 1%.

The latest US strikes injected more volatility into global financial markets and pushed up oil prices.