GIFT Nifty Signals Gap-Up Opening as US-Iran Ceasefire Lifts Global Sentiment

Indian Stock Market Set for Strong Start on Wednesday​

The Indian stock market is poised for a higher opening on Wednesday, supported by strong global cues following a temporary ceasefire agreement between the United States and Iran. Benchmark indices Sensex and Nifty 50 are expected to extend their recent gains after a broad-based rally across global markets.

GIFT Nifty was trading near the 23,830 mark, indicating a premium of around 679 points compared to the previous close of Nifty futures. This suggests a firm gap-up start for domestic equities.

Previous Session Recap​

On Tuesday, Indian equities continued their upward momentum for the fourth consecutive session.

• Sensex rose 509.73 points or 0.69% to close at 74,616.58
• Nifty 50 gained 155.40 points or 0.68% to settle at 23,123.65

RBI MPC Outcome in Focus​

Market participants will closely track the Reserve Bank of India monetary policy outcome scheduled for today. The Monetary Policy Committee, led by Governor Sanjay Malhotra, is widely expected to keep the repo rate unchanged at 5.25% while maintaining a neutral policy stance.

Global Market Cues Driving Sentiment​

Asian Markets Rally Sharply​

Asian equities surged after the ceasefire announcement boosted investor confidence across regions.

• Japan’s Nikkei 225 jumped 4.5%
• Topix gained 3.2%
• South Korea’s Kospi surged 5.3%
• Kosdaq advanced 3.4%
• Hong Kong futures संकेत a positive opening

Wall Street Futures Jump​

US stock futures moved higher amid easing geopolitical tensions.

• Dow Jones futures climbed 718 points or 1.5%
• S&P 500 futures gained 1.6%
• Nasdaq 100 futures rose 1.7%

However, the previous Wall Street session ended on a mixed note:

• Dow Jones declined 0.18% to 46,584.46
• S&P 500 edged up 0.08% to 6,616.85
• Nasdaq Composite rose 0.10% to 22,017.85

US-Iran Ceasefire Eases Global Concerns​

The United States and Iran have agreed to a two-week ceasefire, temporarily halting military actions. The agreement includes reopening the Strait of Hormuz, a key global oil transit route. The deal was brokered by Pakistan and is said to extend to broader regional tensions.

Commodities React to Geopolitical Shift​

Crude Oil Prices Crash​

Oil prices witnessed a sharp decline after the ceasefire announcement reduced supply concerns.

• Brent crude fell 13.86% to $94.13 per barrel
• WTI crude dropped 15.02% to $95.99 per barrel

Gold and Silver Surge​

Precious metals moved higher amid shifting market dynamics.

• Gold rose 3% to $4,849.01 per ounce
• Silver jumped 5.4% to $76.92 per ounce

Cryptocurrency Market Gains Momentum​

Risk assets, including cryptocurrencies, rallied following improved global sentiment.

• Bitcoin surged up to 4.9% to a three-week high of $72,738 and hovered just below $72,000
• Ether advanced as much as 7.4% to $2,273