Israel-Iran War Ends, Indian Stock Markets Surge

With the ceasefire agreement between Israel and Iran coming into effect, Indian stock markets witnessed a strong rally. On Tuesday, trading began with major indices showing significant gains. The Sensex jumped over 900 points, while the Nifty crossed the 25,200 mark.

The Sensex was trading with a gain of over 930 points, and the Nifty rose more than 275 points. The rupee also strengthened against the US dollar by 68 paise, trading at 86.10. Almost all sectoral indices were performing well. Auto, banking, FMCG, metal, and IT sectors saw over 1% gains. Realty and healthcare indices were also trading in the green.

Following former U.S. President Donald Trump's announcement supporting the ceasefire, crude oil prices dropped. In the international market, Brent crude fell 3.76% to $68.79 per barrel.

Asian-Pacific markets also showed strong performance today. Japan’s Nikkei rose 1.59%, South Korea’s KOSPI gained 2.09%, Australia’s ASX index was up 0.69%, and Hong Kong’s Hang Seng index increased by 1.38%. However, China’s indices remained flat.