GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is trading around 23,943 as of 7:50 a.m., indicating a stable start for domestic equities. Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) dipped 0.17% and 0.06% respectively.

India Market Recap

Indian equity markets ended Monday's session on a strong note, supported by improving global sentiment after progress in peace negotiations between the US and Iran. The NSE Nifty 50 gained 231 points, or 0.98%, to close at 23,853.90, while the BSE Sensex rose 736.38 points, or 0.97%, to end at 76,264.33. Lower crude oil prices also supported market sentiment. Oil prices fell sharply after US President Donald Trump announced that Washington had finalized an agreement with Iran to reopen the Strait of Hormuz, a crucial route for global oil shipments. WTI crude dropped 5.76% to $79.99 per barrel, while Brent crude declined 5.07% to $82.90 per barrel. From a technical perspective, Nifty has immediate support in the 23,600–23,700 zone, while resistance is seen around 24,000–24,100.

US Market Recap

US markets continued their upward momentum as investors welcomed signs of a possible end to the conflict between the US and Iran. The S&P 500 rose 1.27% to 7,531.51, while the Nasdaq Composite surged 2.27% to 26,477.13, driven by strength in technology stocks. The Dow Jones Industrial Average gained 587 points, or 1.15%, to reach 51,789.64. Investor enthusiasm was further boosted by strong gains in SpaceX shares, which advanced more than 5% after rising over 19% on their listing debut.

Asian Market Update

Asian markets traded mixed on Tuesday as investors assessed the preliminary agreement between the US and Iran and awaited interest rate decisions from the central banks of Australia and Japan. Japan's Nikkei 225 rose 0.18%, while South Korea's Kospi gained 1.72%. In contrast, Australia's ASX 200 declined 0.71%

Commodity Check

Oil prices remained stable after witnessing their sharpest one-day fall in more than two weeks. Investors continued to evaluate the potential impact of a US-Iran agreement that could restore normal shipping activity through the Strait of Hormuz and ease concerns over energy supplies and inflation. Brent crude traded near $83 per barrel, while WTI crude remained above $81 per barrel. Gold prices continued to move higher, with bullion trading around $4,315 per ounce after rising 2.2% in the previous session. Safe-haven demand remained firm despite signs of easing geopolitical tensions.

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