Global markets remain on edge as the deadline set by Donald Trump is due to expire tomorrow morning (Indian time). Investors are watching closely for any last-minute breakthrough, but the tone remains cautious.
The US has warned of strikes on bridges and power infrastructure if Iran does not agree to terms by 6:30 am IST on Wednesday. Iran, meanwhile, has mobilised civilian shields around key energy facilities. Unlike previous instances, markets are not pricing in a last-minute retreat, prompting accelerated but uncertain diplomatic efforts. Both sides have already rejected each other’s proposals, including a 45-day ceasefire suggestion.
US markets ended Monday with modest gains, supported by hopes of a possible agreement before the deadline.
The Dow Jones rose 165.21 points (0.36 percent) to 46,669.88
S&P 500 gained 29.14 points (0.44 percent) to 6,611.83
Nasdaq climbed 171.16 points (0.54 percent) to 21,996.34
However, US futures slipped this morning:
Dow down 90 points (0.19 percent)
S&P 500 down 0.37 percent
Nasdaq down 0.50 percent
Asian markets opened strong but lost momentum:
Japan’s Nikkei and South Korea’s Kospi halved early gains
Australia rose about 2 percent
Shanghai edged up 0.10 percent
Hong Kong declined 0.70 percent
GIFT Nifty closed at 23,045 and dropped to 22,908 this morning, indicating a sharply lower opening for Indian markets today.
Indian equities staged a sharp recovery on Monday after an early fall, ending higher for the third straight session.
Sensex surged 787.30 points (1.07 percent) to 74,106.85
Nifty 50 rose 255.15 points (1.12 percent) to 22,968.25
Bank Nifty jumped 2.06 percent
Mid caps gained 1.52 percent, while small caps ended marginally lower.
Market breadth remained strong:
BSE: 3,193 stocks advanced vs 1,173 declined
NSE: 2,506 advanced vs 741 declined
Foreign institutional investors continued heavy selling, with net outflows of ₹8,167.17 crore, while domestic institutions bought ₹8,088.70 crore worth of equities.
Jubilant FoodWorks reported 19.1 percent revenue growth in Q4
Godrej Consumer Products is expected to post double-digit revenue growth
CreditAccess Grameen’s loan book rose 14 percent to ₹29,590 crore in FY26
Crude oil remains elevated amid war fears:
Brent crude rose to $110.21 per barrel
WTI crude near $113.98
India’s crude basket surged 8.35 percent to $130.93
Gold declined after volatility:
Fell $28.50 to $4,649.50 per ounce
Kerala gold price dropped ₹200 to ₹1,10,480 per sovereign
Silver, platinum, and palladium edged higher.
The dollar index moved up to 100.07 as geopolitical tensions persisted.
Euro at $1.154
Pound at $1.3234
Yen at 159.71 per dollar
The Indian rupee closed at 93.06 per dollar, gaining just 4 paise despite early strength. RBI measures have curbed speculative pressure, but weakness may persist unless crude falls and foreign inflows resume.
--Rubber gained 1.36 percent
--Coffee prices rose; cocoa declined
--Palm oil eased
--Fertiliser prices (urea, DAP) moved higher
Cryptocurrencies cooled after a rally:
Bitcoin slipped to around $68,800 after crossing $70,300
Ether and Solana remained firm
Sensex: 74,106.85 (+1.07%)
Nifty 50: 22,968.25 (+1.12%)
Bank Nifty: 52,609.10 (+2.06%)
Midcap 100: 54,492.65 (+1.52%)
Smallcap 100: 15,853.05 (+1.29%)
Dow Jones: 46,669.88 (+0.36%)
S&P 500: 6,611.83 (+0.44%)
Nasdaq: 21,996.34 (+0.54%)
Dollar: ₹93.06 (-₹0.04)
Gold (ounce): $4,649.50 (-$28.50)
Gold (sovereign): ₹1,10,480 (-₹200)
Brent crude: $109.77 (+$0.74)