Indian Markets Set for Positive Start After Global Rebound
The Indian stock market is poised for a strong opening on Wednesday, with benchmark indices Sensex and Nifty 50 expected to move higher, tracking a sharp rebound in global equities. Optimism around a possible end to the US-Iran conflict has lifted investor sentiment across regions.Gift Nifty was trading near the 22,870 level, reflecting a premium of about 444 points over the previous close of Nifty futures. This indicates a gap-up start for domestic markets.
The market remained shut on Tuesday due to Mahavir Jayanti. In the previous session on Monday, equities had witnessed a steep decline amid concerns over the geopolitical conflict and its potential impact on India’s macroeconomic outlook. The Sensex fell 1,635.67 points or 2.22% to close at 71,947.55, while the Nifty 50 dropped 488.20 points or 2.14% to settle at 22,331.40.
Asian Markets Rally Sharply
Asian equities surged on Wednesday as hopes of easing tensions in the Middle East improved risk appetite.The MSCI Asia Pacific Index rose 1.6%. Japan’s Nikkei 225 jumped 3.64% while the Topix gained 3.17%. South Korea’s Kospi advanced 5.32% and the Kosdaq climbed 4.13%. Hong Kong’s Hang Seng futures also संकेत a higher opening.
Wall Street Sees Strongest Gains in Months
US markets posted significant gains overnight, marking their biggest single-day rally since May 2025. The surge was driven by expectations of de-escalation in the US-Iran conflict.The Dow Jones Industrial Average rose 2.49% to close at 46,341.51. The S&P 500 gained 2.91% to 6,528.52, while the Nasdaq Composite jumped 3.83% to 21,590.63.
Despite the rally, quarterly performance remained weak. The S&P 500 is down 4.6% year-to-date, the Nasdaq has declined 7.1%, and the Dow has fallen 3.6%.
Major technology stocks led the gains. Nvidia climbed 5.6%, Alphabet rose 5.1%, Meta Platforms advanced 6.7%, Microsoft gained 3.12%, Apple added 2.90%, Amazon increased 3.66%, and Tesla rose 4.64%.
US-Iran Conflict Outlook Improves
US President Donald Trump indicated that American military operations against Iran could come to a halt within two to three weeks. He also stated that Iran may not need to enter into a formal agreement for the conflict to wind down, raising expectations of a near-term resolution.Japan Manufacturing Activity Moderates
Japan’s factory activity continued to expand in March, though at a slower pace. The final S&P Global Japan Manufacturing PMI stood at 51.6, down from February’s 53.0, but slightly above the preliminary estimate of 51.4.Crude Oil Prices Remain Elevated
Crude oil prices extended gains amid continued volatility linked to the geopolitical situation.Brent crude rose 0.54% to $104.51 per barrel, while US West Texas Intermediate crude advanced 0.88% to $102.25 per barrel.
Gold Extends Rally, Silver Declines
Gold prices continued their upward trajectory for the third consecutive session as safe-haven demand persisted.Spot gold increased 0.8% to $4,703.66 per ounce. In contrast, silver prices declined 0.5% to $74.82 per ounce.
Dollar Holds Steady
The US dollar remained largely stable, with earlier safe-haven gains fading.The dollar index slipped 0.03% to 99.70. The euro strengthened 0.21% to $1.1576, while the British pound rose 0.21% to $1.3247. The Japanese yen appreciated 0.11% to 158.55 per dollar.
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