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Calm in the Middle East, Fireworks on Dalal Street? Sensex, Nifty Poised to Surge

Updated: June 24, 2025 08:55

Image Source: The Financial Express
Indian stock markets look set for a bright opening today, thanks to some good news on the geopolitical front. The ceasefire between Israel and Iran has helped settle nerves across the globe, and investors are breathing a little easier.
 
Key Highlights:
 
The GIFT Nifty is pointing to a gap-up start, trading more than 175 points higher and signaling a strong open for both Sensex and Nifty.
 
The ceasefire, announced by US President Donald Trump, has cooled off nearly two weeks of tension in the Middle East. While Iran hasn’t officially confirmed the deal, it has indicated it won’t escalate things for now.
 
Asian markets are rallying—South Korea’s Kospi is up 2.5%, and other big markets like Hong Kong, Japan, and China are all in the green. US stocks also closed up nearly 1% overnight, adding to the positive mood.
 
Oil prices have dropped sharply, with Brent crude falling to $68.65 a barrel and WTI crude down as much as 5%. That’s great news for India, since lower oil prices help keep inflation in check.
 
For Nifty, keep an eye on the 25,200–25,230 zone for resistance. If the index can break through, we could see more upside. On the downside, 24,750–24,700 is the support area to watch.
 
Yesterday, markets closed lower because of earlier worries about oil and geopolitics. Today, with those concerns easing, buyers are likely to return.
 
With global stress fading, investors might also look again at mid-cap and outperforming sectors, which held up well during the recent volatility.
 
In short, the mood is upbeat, but it’s still smart to keep an eye on those key levels and any fresh news from overseas.
 
Source: Business Today, Moneycontrol, Economic Times, NDTV Profit, Business Standard, Goodreturns, CNBC TV18, Financial Express

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