The Indian benchmark indices witnessed a decline as the Sensex fell over 135 points to settle at 75,183 and the Nifty declined more than 5 points to close trade at 23,653 at 3:30 PM.
Previously, during the early morning session, the BSE Sensex started trading near 75,900, rallying more than 550 points, while the NSE Nifty50 opened the session around 23,800, climbing nearly 175 points, as of 9:15 AM.
Hopes Of US-Iran Deal Improve Risk Appetite
Investor sentiment strengthened after Trump said the US administration was in the “final stages” of negotiations with Iran, according to reports from the White House press pool.
The remarks sparked expectations of easing tensions in West Asia, potentially reducing risks to global energy supplies and improving broader market sentiment.
At the same time, uncertainty surrounding the talks persisted. Trump warned of possible further military action if an agreement is not reached, while Iran reiterated threats linked to its control over the Strait of Hormuz.
Asian Markets Rally Across Region
Equity markets across Asia-Pacific traded sharply higher on Thursday as investors reacted positively to signs of easing geopolitical tensions.
Japan’s Nikkei 225 surged more than 3 per cent after data showed exports expanded at the fastest pace since January, underscoring resilience in external demand.
South Korea’s Kospi jumped over 6 per cent, while Hong Kong’s Hang Seng advanced around 0.5 per cent. Broader regional indices also rebounded strongly after multiple sessions of declines.
Wall Street Advances On Tech Strength
US markets closed decisively higher overnight, led by gains in technology stocks and improving investor sentiment.
The Dow Jones Industrial Average climbed 1.08 per cent, the S&P 500 advanced 1.31 per cent, and the Nasdaq Composite gained 1.54 per cent.
Market confidence was also supported by stronger-than-expected guidance from chipmaker Nvidia, reinforcing optimism around sustained demand for artificial intelligence-related technologies.
Crude Oil Stays Elevated Amid Gulf Uncertainty
Crude oil prices remained volatile as traders continued to monitor developments in the Gulf region.
Brent crude futures traded near $105 per barrel, remaining elevated amid uncertainty around the Strait of Hormuz and concerns over potential supply disruptions.
Although some shipping activity reportedly resumed through the strategic waterway, markets remained cautious as Iran continued tightening its control over the route.
Gold, Silver Gain On Inflation Worries
Precious metals edged higher in early Asian trade, supported by lingering inflation concerns and ongoing geopolitical uncertainty.
Gold futures rose 0.38 per cent, while silver futures added 0.65 per cent.
Focus Turns To Central Banks And Inflation
Beyond geopolitical developments, investors are also tracking signals from global central banks and inflation trends.
Minutes from the US Federal Reserve’s latest policy meeting showed policymakers remain concerned about inflation risks, with some members open to the possibility of further rate hikes if price pressures continue.
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