๐ฆ๐๐ผ๐ฐ๐ธ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐ ๐๐ ๐จ๐ฆ-๐๐ฟ๐ฎ๐ป ๐ฃ๐ฒ๐ฎ๐ฐ๐ฒ ๐๐ฒ๐ฎ๐น ๐๐ฟ๐ถ๐๐ฒ๐ ๐ฅ๐ฎ๐น๐น๐
Indian equity markets show signs of an uptrend following news of a US-Iran peace deal. Global risk sentiment improved as concerns regarding the conflict decreased.
Key market developments include:
- Nifty gained 2% to close at 23,622.
- Bank Nifty rose 3%.
- Midcap100 and Smallcap100 indices increased by 2.4% and 2.8%.
- India VIX fell 5.7%.
- The Indian rupee moved to 94.9 against the US dollar.
Crude oil prices dropped significantly following the announcement.
- Brent crude fell 4% to $83.80 per barrel.
- US crude fell 4.7% to $80.89 per barrel.
- Analysts suggest Brent crude could reach $80 per barrel by year-end if the Strait of Hormuz remains open.
Asian and US markets also reacted positively to the news:
- Japan's Nikkei rose 3%.
- South Korea's benchmark index gained 4.3%.
- S&P 500 futures rose 0.9%.
- Nasdaq futures gained 1.5%.
Institutional investor activity in India showed mixed results:
- Foreign Institutional Investors (FIIs) sold โน152.16 bn.
- Domestic Institutional Investors (DIIs) bought โน240.14 bn.
Upcoming economic data to watch:
- India's Consumer Price Index inflation data.
- India's Wholesale Price Index inflation data.
- Central bank interest rate decisions from the FOMC and Bank of Japan.