Hopes of a breakthrough in US–Iran tensions have revived global risk sentiment this morning, pushing Asian markets sharply higher, lifting US futures and dragging crude oil back below $100 a barrel.
Conflicting signals over possible negotiations kept global markets volatile yesterday, with equities slipping and crude briefly surging past $100. However, sentiment turned positive after reports that the US has conveyed a 15-point proposal to Iran through Pakistan, raising expectations of de-escalation.
Gift Nifty, which closed at 22,913 on Tuesday night, surged to around 23,240 in early trade before turning volatile. This indicates the Nifty could open with gains of over 200 points.
Uncertainty over whether talks with Iran would materialise weighed on US markets on Tuesday.
Dow Jones fell 84.41 points (0.18 percent) to 46,124.06
S&P 500 dropped 24.63 points (0.37 percent) to 6,556.37
Nasdaq declined 184.87 points (0.84 percent) to 21,761.89
However, US futures are sharply higher this morning on renewed peace hopes:
Dow futures up 406 points (0.88 percent)
S&P 500 futures up 0.80 percent
Nasdaq futures up 0.90 percent
European markets ended mixed amid lingering uncertainty.
Asian markets are trading firmly higher:
Japan’s Nikkei and South Korea’s Kospi up around 3 percent
Australia gains about 2 percent
Hong Kong and Chinese markets open strong
Indian equities recovered strongly after early volatility on Tuesday, with gains accelerating into the close. Market experts caution that volatility will remain high until there is clarity on geopolitical developments.
Sensex jumped 1,372 points (1.89 percent) to 74,068.45
Nifty rose 399.75 points (1.78 percent) to 22,912.40
Bank Nifty gained 2.27 percent
Mid cap and small cap indices rose over 2.5 percent
Broader market breadth remained strong, with advancing stocks outnumbering losers significantly.
Foreign institutional investors continued heavy selling, with net outflows of ₹8,009.56 crore, while domestic institutions provided support with net buying of ₹5,867.15 crore.
Gold and silver surged on shifting geopolitical expectations.
Gold closed at $4,475.30 per ounce, up $67.20
This morning, gold jumped further to around $4,576 (up 2.23 percent)
Silver rose sharply to $74.14 per ounce
In Kerala, 22-carat gold ended at ₹1,04,800 per sovereign, down ₹280 after intraday volatility.
Crude oil, which surged about 5 percent yesterday, has corrected sharply today:
Brent fell 7.2 percent to around $97.20 per barrel
WTI trades near $86.92
Murban crude also declined significantly
Dollar index slipped to around 99.09
Euro rose to $1.1622; pound to $1.3426
US 10-year yield eased to 4.346 percent
The Indian rupee closed 11 paise stronger at ₹93.87 per dollar, though offshore markets indicate mild pressure.
Copper dipped slightly; aluminium gained
Rubber rose 0.85 percent in global markets
Coffee jumped nearly 4 percent
Cocoa prices edged higher
Cryptocurrencies moved higher on improved risk appetite:
Bitcoin crossed $70,850
Ether above $2,160
Solana above $91.5
Sensex: 74,068.45 (+1.89%)
Nifty 50: 22,912.40 (+1.78%)
Bank Nifty: 52,605.65 (+2.27%)
Mid cap 100: 54,087.00 (+2.60%)
Small cap 100: 15,495.20 (+2.63%)
Dow Jones: 46,124.06 (-0.18%)
S&P 500: 6,556.37 (-0.37%)
Nasdaq: 21,761.89 (-0.84%)
Dollar: ₹93.87 (-₹0.11)
Gold (oz): $4,475.30 (+67.20)
Gold (sovereign): ₹1,04,800 (-₹280)
Brent crude: $104.49 (+$4.55)