Brent falls to $85 | BoJ intervenes to boost Yen | Mixed earnings from Maruti, ITC
Indian markets are poised for a positive start, with GIFT Nifty indicating a gap-up opening, supported by easing geopolitical tensions after US President Donald Trump announced indirect talks with Iran and reports suggested diplomatic efforts helped avert a major military escalation. The sharp 4% decline in crude oil prices to around $84 per barrel is a positive for India, while Wall Street ended higher with gains of up to 1% despite weakness in Apple. However, elevated US Treasury yields, driven by hawkish Federal Reserve commentary and strong economic data, remain a key concern for global markets. Meanwhile, a weaker US dollar and softer gold prices reflect improving risk sentiment, with investors now focusing on upcoming economic data for further market direction.