Indian Stock Market Sees Overnight Shifts: Nifty Reacts to US-Iran Tensions, Oil Prices, and Global Market Rally

Indian Stock Market Update

Market Outlook The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday following a rally in global markets. The US stock market rallied overnight as crude oil prices declined after President Donald Trump's comments, easing inflation fears.

Global Market Cues Asian markets traded higher on Tuesday, following an overnight rally on Wall Street. Japan's Nikkei 225 rallied 1.66%, while the Topix gained 1.3%. South Korea's Kospi jumped 6% and Kosdaq gained 4%. Hong Kong Hang Seng index futures indicated a lower opening.

Indian Market Outlook Gift Nifty was trading around 24,390 level, a premium of nearly 267 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices.

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US Market Update The US stock market ended higher amid a final-hour rebound on Monday after President Donald Trump suggested that the US-Iran war could be close to ending. Dow Jones Industrial Average rallied 239.25 points, or 0.50%, to 47,740.80, while the S&P 500 gained 55.97 points, or 0.83%, to 6,795.99.

Key Stocks Nvidia stock price rose 2.68%, AMD shares jumped 5.32%, Broadcom share price rallied 4.63%, Apple stock price gained 0.94%, Intel shares surged 4.97%, and SanDisk share price spiked 11.64%.

Economic Indicators Japan's economy grew faster than initially estimated in the final three months of 2025, with GDP rising 1.3%. Japan's government bonds rallied as signs of stabilisation in oil prices pared back concerns of inflation pressures on the economy. The benchmark 10-year JGB yield fell 3.5 basis points (bps) to 2.150%.

Oil Prices Crude oil prices fell after hitting their highest level in more than three years in the prior session after US President Donald Trump hinted that the war in the Middle East could end soon. Brent crude oil price declined 7.39% to $91.65 a barrel, while the US West Texas Intermediate (WTI) crude futures plunged 6.86% to $88.27.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Commodity Prices Gold prices were largely steady as investors stayed on the sidelines, after comments from President Trump that the US-Iran war “is very complete”. Spot gold price eased 0.1% to $5,131.24 per ounce, while US gold futures for April delivery rose 0.7% to $5,141.40.

Currency Market The US dollar declined on speculation that the war in the Middle East could prove limited, falling 0.39% to 98.79. The dollar was at 157.73 yen and $1.1632 per euro. Sterling held at $1.3412 a dollar.