Stock market soars: Ceasefire boosts investor sentiment
Indian stock markets had a big day, with the Sensex up 804 points and Nifty ending at 25,240—thanks to a surprise ceasefire between Israel and Iran announced with the involvement of the US.
After a 12-day war, this news brought some much-needed relief.
Global markets rally on truce
The truce eased global worries, sparking rallies not just in India but across Asia—South Korea's Kospi jumped 2.5%, Japan's Nikkei rose over 1%.
Back home, midcap and smallcap stocks climbed about 1%, and the rupee made its biggest gain in weeks.
Basically: less conflict means investors are feeling braver.
Oil and gold prices drop
Oil prices dropped sharply as supply fears faded—Brent crude fell 1.2%—and gold slipped too since people weren't rushing for safe-haven assets anymore.
Analysts say if Nifty stays above 25,225, there could be even more upside ahead as things calm down globally.