GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, was up 0.6% at 24,099.5 as of 6:24 a.m. US S&P 500 futures gained 0.78%, while European Euro Stoxx 50 futures declined 0.49%, indicating a positive start for domestic markets.

India Market Recap

Indian equity benchmarks extended their winning streak for the fourth consecutive session, ending near six-week highs. The NSE Nifty 50 gained 0.40% to close at 24,085.70, while the BSE Sensex advanced 0.45% to settle at 77,155.62. Investor sentiment remained upbeat as India's total market capitalisation crossed the $5 trillion mark, helping the country regain its position as the world's fourth-largest equity market. On the technical front, Nifty support is placed in the 23,800–23,900 range, while resistance is seen between 24,150 and 24,300.

US Market Recap

Wall Street ended lower after the US Federal Reserve kept interest rates unchanged in the 3.5%–3.75% range. While the policy decision was widely expected, investors turned cautious after several Federal Reserve officials indicated the possibility of another rate hike in 2026. The Dow Jones Industrial Average declined 0.98%, while the S&P 500 and Nasdaq Composite fell 1.21% and 1.34%, respectively. Market participants also continued to assess the implications of the recently announced preliminary peace agreement between the US and Iran.

Asian Market Update:

Asian markets traded mostly higher on Thursday as investors welcomed the signing of a peace agreement between the US and Iran and assessed the Federal Reserve's latest policy guidance. Japan's Nikkei 225 rose 1.44%, while South Korea's Kospi gained 0.93%, extending recent record highs. Thailand's SET Index advanced 1.16%. However, Australia's ASX 200 and New Zealand's NZX 50 traded marginally lower.

Commodity Check

Crude oil prices declined after the signing of the US-Iran agreement raised hopes that energy shipments through the Strait of Hormuz could gradually normalize. Brent crude slipped below $78 per barrel, while WTI crude traded near $76 per barrel. Meanwhile, gold prices rebounded and traded near $4,295 per ounce after falling 1.7% in the previous session, as investors balanced easing geopolitical risks against expectations of tighter US monetary policy.

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