Overnight Stock Market Movements: Key Developments 

The Indian stock market benchmark indices, BSE Sensex and Nifty 50, are likely to open on a cautious note on Tuesday as investors await further clarity on the US–Iran peace agreement despite mixed overnight signals from global markets.

Asian markets traded mixed, while the US stock market closed higher overnight, with the Dow Jones Industrial Average ending at a record high.

Moreover, on Monday, the Indian stock market rallied strongly as a significant easing of geopolitical tensions following the announcement of the US–Iran peace deal boosted investor sentiment.

Domestic Market Recap

On Monday, Indian indices ended green:

• Sensex soared by 736.38 points (0.97%) to close at 76,264.33
• Nifty 50 moved up by 231.00 points (0.98%) to settle at 23,853.90

Gift Nifty

Gift Nifty was trading near 23,919, around 3 points higher than the previous Nifty futures close, hinting at a lacklustre start for Indian markets.

Overnight Wall Street Performance

The US stock market ended higher on Monday, with the Dow Jones Industrial Average closing at a record high as investors welcomed the US–Iran peace deal, which eased geopolitical tensions and pushed crude oil prices lower. Gains in technology and growth stocks also supported the rally across Wall Street.

• The Dow Jones Industrial Average soared by 468.77 points (0.92%) to close at 51,671.03.
• S&P 500 was up by 122.83 points (1.65%), ending at 7.554.29.
• The Nasdaq Composite was higher by 795.10 points (3.07%), finishing at 26,683.94.

Crude Oil Prices

• Brent crude gained by 0.30% to $83.42/barrel
• US West Texas Intermediate (WTI) crude was trading 0.30% higher at $81.12/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran Peace Deal: US Vice President JD Vance said that President Donald Trump could make Washington’s peace agreement with Iran public before Friday. The leaders of both countries have already signed the agreement electronically, and they are expected to formally sign it in person on Friday. Trump also stated that Iran has agreed to “never have a nuclear weapon” as part of the deal.
2. India Balance of Payments: India posted a current account surplus of $4.7 billion in April, compared with a deficit of $4.8 billion in the same month last year. The country’s import bill rose to $72.5 billion from $65.8 billion a year earlier, while exports increased to $44.6 billion from $38.7 billion, reflecting stronger trade activity.

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