GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.39% at 23,970 as of 6:34 am. Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) rose 0.07%. and 0.95% respectively.

India Market Recap

Indian equity benchmarks witnessed their sharpest single-day decline since March 30 after US President Donald Trump announced that the ceasefire with Iran had ended, triggering a broad risk-off sentiment across global markets. The NSE Nifty 50 plunged 516.65 points, or 2.12%, to close at 23,882.05, while the BSE Sensex dropped 1,677.12 points, or 2.15%, to settle at 76,503.60. Selling pressure was broad-based as investors reacted to escalating geopolitical tensions and rising crude oil prices. On the technical front, Nifty support is placed in the 23,700–23,800 range, while resistance is seen between 24,000 and 24,100.

US Market Recap

Wall Street opened sharply lower on Wednesday as renewed geopolitical tensions weighed on investor sentiment after US President Donald Trump warned of fresh military strikes on Iran. The Dow Jones Industrial Average fell nearly 600 points, or over 1%, shortly after the opening bell to 52,394.48. The S&P 500 declined 0.55% to 7,464.53, while the technology-heavy Nasdaq Composite slipped 0.35% to 25,733.94. Investors shifted toward safer assets amid concerns that further escalation in the Middle East could impact global growth and inflation.

Asian Market Update:

Asian markets traded on a mixed note on Thursday as investors assessed the renewed tensions between the US and Iran alongside rising oil prices. South Korea's Kospi rebounded strongly after slipping into bear market territory in the previous session, gaining 2.92%, while the small-cap Kosdaq advanced 1.28%. Japan's Nikkei 225 rose 1.17%, and the broader Topix added 0.20%. In contrast, Australia's ASX 200 declined 0.83%, reflecting cautious sentiment across the region.

Commodity Check

Crude oil prices extended their rally on Thursday after the United States carried out a second consecutive day of strikes on targets in Iran, raising concerns over potential disruptions to Middle East energy supplies. Brent crude climbed as much as 1.4% to trade above $79 per barrel, following a gain of more than 5% in the previous session. US benchmark West Texas Intermediate (WTI) traded near $74 per barrel, taking its cumulative gain over the past two sessions to more than 6% as geopolitical risks continued to support energy prices.

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