GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, was up 0.34% at 24,181.5 as of 6:33 a.m. However, global cues remained mixed, with US S&P 500 futures declining 0.12% and European Euro Stoxx 50 futures falling 0.28%.

India Market Recap

Indian equity benchmarks resumed their upward momentum on Monday after witnessing a brief pause in Friday's session. The NSE Nifty 50 gained 89.80 points, or 0.37%, to close at 24,102.90, while the BSE Sensex advanced 291.17 points, or 0.38%, to settle at 77,094.07. Heavyweights such as Reliance Industries and HDFC Bank were among the key contributors to the gains, reflecting sustained buying interest in large-cap stocks. Investor sentiment remained supported by easing geopolitical concerns and improving global risk appetite. On the technical front, Nifty support is placed in the 23,800–23,900 range, while resistance is seen between 24,200 and 24,300.

US Market Recap

Wall Street traded on a mixed note on Monday as investors continued to assess the latest developments in negotiations between the US and Iran. The S&P 500 opened 0.24% higher at 7,517.3, while the Dow Jones Industrial Average gained nearly 250 points, or 0.49%, at the open. However, the technology-heavy Nasdaq Composite edged lower by 0.09% as investors remained cautious toward growth stocks after recent gains. Overall sentiment remained supported by hopes of further progress in diplomatic discussions.

Asian Market Update:

Asian markets traded lower on Tuesday as investors monitored ongoing US-Iran negotiations and assessed the impact of higher crude oil prices on the global economic outlook. South Korea's Kospi declined 1.50%, while Japan's Nikkei 225 slipped 0.59%. Australia's ASX 200 was largely unchanged, rising marginally by 0.05%. Market participants remained cautious amid uncertainty surrounding geopolitical developments and their potential implications for inflation and global growth.

Commodity Check

Crude oil prices remained largely steady on Tuesday after recording their sharpest decline in nearly a week during the previous session. Improving prospects for a peace agreement between the US and Iran have raised hopes that additional crude supplies could return to global markets. Brent crude traded near $78 per barrel after falling more than 3% in the previous session, while West Texas Intermediate (WTI) remained above $74 per barrel. Lower oil prices could provide support to global growth and help ease inflationary pressures.

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