LIVE | Markets rally on ceasefire extension | Brent Oil rises to $102 | Nifty to see cautious trade
Global cues are turning mixed after a strong start. Asian markets have come off their opening highs, with Japan’s Nikkei 225 slipping into the red after an early surge, even as it briefly crossed the 60,000 mark. South Korea’s KOSPI, however, continues to hover near record highs.
On Wall Street, momentum remains strong. The S&P 500 and NASDAQ Composite both ended at fresh record highs, gaining 1% and 1.6% respectively, supported by optimism around a ceasefire extension. US futures are now trading steady, indicating a pause after the rally.
Commodities are back in focus. Brent Crude has surged above $100 per barrel after Iran’s move to seize container ships, pushing the dollar and US bond yields slightly higher. Meanwhile, Gold has rebounded after hitting a one-week low, climbing back above the ₹4,700 level.
Back home, early signals are weak. GIFT Nifty is indicating a gap-down start for Indian markets, suggesting caution may prevail at the open despite strong global cues overnight.