Indian Stock Market Sees Overnight Shifts in Key Prices: Crude Oil, Gold, and Other Factors

Indian Stock Market Benchmark Indices Expected to Open Higher on Tuesday

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following mixed global markets cues as expectations of US-Iran peace talks fostered cautious optimism ahead of a looming ceasefire deadline. Asian markets traded higher amid hopes of peace talks between the US and Iran, while the US stock market ended marginally lower.

Global Market Cues for Sensex Today

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The Sensex inched higher by 26.76 points, or 0.03%, to close at 78,520.30, while the Nifty 50 settled 11.30 points, or 0.05%, higher at 24,364.85. Investors are giving some weight to the progressing Q4 earnings season, leading to selective accumulation in growth-oriented sectors such as power, capital goods, and consumer durables, which continue to attract attention for their long-term potential.

US Stock Market

The US stock market ended marginally lower on Monday, as renewed US-Iran tensions put the durability of a two-week ceasefire in question. The Dow Jones Industrial Average eased 4.87 points, or 0.01%, to 49,442.56, while the S&P 500 fell 16.92 points, or 0.24%, to 7,109.14. The Nasdaq Composite closed 64.09 points, or 0.26%, lower at 24,404.39.

US-Iran War and Global Developments

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President Donald Trump indicated that the US-Iran ceasefire deadline is unlikely to be extended, increasing the urgency for negotiators to conclude a deal to end the war. Meanwhile, US Vice President JD Vance will travel to Pakistan on Tuesday for Iran talks, Axios reported citing US sources.

Core Sector Data and Crude Oil Prices

The core sector output contracted by 0.4% in March, marking the first decline in five months. In February 2026, the eight core infrastructure sectors had expanded by 2.8%. In 2025-26, these sectors recorded a growth rate of 2.6% as against 4.5% in 2024-25. Crude oil prices fell on expectations that US-Iran peace talks will take place this week. Brent futures declined 1% to $94.53 a barrel, while US West Texas Intermediate (WTI) crude futures for May declined 1.72% to $88.07.

Gold and Silver Prices

Gold prices were largely steady after dropping to a one-week low in the last session. Spot gold price was unchanged at $4,820.84 per ounce, while US gold futures for June delivery rose 0.3% to $4,841.2. Spot silver price fell 0.1% to $79.82 per ounce.