Indian Stock Market: 10 Key Things That Changed for Market Overnight – Gift Nifty, Israel-Iran News to Crude Oil Prices

Markets Open Strong! global equities rise, crude tumbles, and gold retreats as investors eye Fed rate cuts and easing geopolitical tensions

Mumbai, June 24, 2025 — Indian equity markets are poised for a strong opening on Tuesday, buoyed by easing geopolitical tensions and a global rally in equities. The Gift Nifty was trading at 25,175, nearly 181 points higher than the Nifty futures’ previous close, suggesting a gap-up start for benchmark indices Sensex and Nifty 50.

Also Read: Trump Declares “Complete and Total Ceasefire” Between Israel and Iran, Ending 12-Day War

The rally follows a significant overnight development: U.S. President Donald Trump announced a ceasefire agreement between Israel and Iran, effectively ending the “12-Day War.” The development has eased global risk sentiment, lifting Asian markets and pushing U.S. indices to fresh highs.

Also Read: Zee Share Price Spikes? Technicals Signal More Upside

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Global Market Highlights:

• Asian Markets: Investors across Asia cheered the ceasefire news. Japan’s Nikkei 225 surged 1.59%, South Korea’s Kospi jumped 2.09%, while Hong Kong’s Hang Seng indicated a higher open.
• Wall Street Rally: Major U.S. indices closed higher on Monday on expectations of a near-term interest rate cut by the Federal Reserve.
  • Dow Jones: +374.96 pts (0.89%)
  • S&P 500: +57.33 pts (0.96%)
  • Nasdaq: +183.57 pts (0.94%)
• Crude Oil Prices: Brent crude fell 3.78% to $68.78, while WTI dropped 3.88% to $65.85, marking their lowest levels in over a week as fears of supply disruptions eased.
• Gold Prices: With safe-haven demand falling, gold prices dipped 0.6% to $3,349.89 an ounce, nearing a two-week low.
• Dollar Movement: The U.S. dollar weakened following Trump’s announcement.
  • USD/JPY at 145.79 (-0.21%)
  • EUR/USD at 1.1602 (+0.21%)
  • GBP/USD at 1.3551 (+0.18%)
• Fed Rate Cut Outlook:Fed Vice Chair Michelle Bowman hinted that a rate cut may come as early as July, citing rising risks to the labor market. Treasury yields dropped on the back of her comments.
  • 2-Year Yield: ↓ 5.7 bps to 3.851%
  • 10-Year Yield: ↓ 3.5 bps to 4.34%
• U.S. PMI Data: Composite PMI dipped to 52.8 in June from 53.0 in May, while services PMI eased to 53.1, signaling moderate expansion.

Also Read: BSE SmallCap Update: Key Stocks to Watch Amid Market Volatility

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Domestic Market Outlook:

On Monday, the Sensex closed 511 points lower at 81,896.79 and the Nifty 50 fell by 140 points to 24,971.90, dragged down by fears of escalating conflict in the Middle East. However, with geopolitical tensions easing and the Fed signaling policy support, Indian markets are likely to rebound strongly.

“Traders should stay selective in stock-picking and avoid aggressive positions during this consolidation phase,” advised Ajit Mishra, SVP, Research at Religare Broking Ltd.

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Indian stock market, Sensex, Nifty 50, Gift Nifty, Israel-Iran ceasefire, Donald Trump, Fed rate cut, crude oil prices, gold prices, dollar index, treasury yields, Asian markets, Wall Street rally, stock market opening, Indian economy, A-share markets, global market cues, inflation, geopolitical risk, interest rate cuts