Stock market today: Nifty50 rallies past 25,200; BSE Sensex rises over 900 points as Trump declares Iran-Israel ceasefire
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in trade on Tuesday after Donald Trump announced a ceasefire between Iran and Israel. While Nifty50 went above 25,200, BSE Sensex was up over 900 points. At 9:17 AM, Nifty50 was trading at 25,239.05, up 267 points or 1.07%. BSE Sensex was at 82,810.81, up 914 points or 1.12%.Analysts anticipate Indian equities will continue consolidating, whilst investors monitor global geopolitical developments.Global markets advanced and the dollar declined after news emerged of a US-brokered ceasefire between Iran and Israel. Oil prices fell significantly as supply disruption fears subsided, lifting risk assets. The yen and euro strengthened, reflecting their oil import dependence, whilst US Treasury yields showed modest gains amidst changing Fed rate cut predictions.Wall Street advanced Monday as potential July Fed rate cuts outweighed Middle East uncertainty.Gold prices fell to a near two-week low on Tuesday following US President Donald Trump’s announcement of a ceasefire agreement between Iran and Israel, ending their 12-day conflict and reducing the demand for safe-haven assets.Foreign portfolio investors sold shares worth Rs 1,874 crore on Friday, whilst domestic institutional investors purchased Rs 5,592 crore.FIIs’ position in futures market decreased from Rs 96,962 crore net short on Thursday to Rs 96,368 crore on Friday.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
