Trump-Iran Ceasefire… Markets Surge

Global crude oil prices dropped after the United States and Iran agreed to a two-week ceasefire, triggering strong gains in domestic stock markets. The Sensex surged over 2,700 points, while the Nifty jumped more than 800 points. By 9:20 AM, the Sensex was trading around 77,315, and the Nifty at 23,915.

The Indian rupee strengthened against the US dollar, gaining 50 paise to trade at 92.56. Investors welcomed the calm in geopolitical tensions, with market sentiment boosted by expectations of stable energy prices and improved trade conditions.