Stock Market Live Updates Today: BSE Sensex, Nifty50 set for a positive start on as Trump announces US-Iran peace deal; crude oil prices plunge

Indian equities may witness an uptrend as easing concerns surrounding the US-Iran conflict improve global risk sentiment. The sharp market recovery suggests that investors are beginning to price in a more favourable geopolitical outcome. While a formal agreement remains pending, the moderation in crude oil prices and appreciation in the rupee to 94.9 against the US dollar have improved the near-term outlook for domestic equities.

Markets witnessed a sharp up move on Friday, supported by optimism surrounding a potential US-Iran agreement and the subsequent decline in crude oil prices. The Nifty gained 2% to close at 23,622, while the Bank Nifty surged 3%, reflecting strong buying interest in financial stocks. Broader markets outperformed, with the Midcap100 and Smallcap100 indices advancing 2.4% and 2.8%, respectively. Sectorally, all major sectors ended in the green, with Realty, Private Banks and Public Sector Banks emerging as the top gainers. Meanwhile, India VIX declined 5.7%, indicating easing volatility and improving investor confidence.

Going forward, the key monitorables will be India’s Consumer Price Index inflation data on Friday and Wholesale Price Index inflation data this week. Global cues will also remain important. Additionally, developments in the US-Iran negotiations, crude oil price movements and Foreign Institutional Investor flows will remain key factors influencing market sentiment,” says Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.