U.S. Markets Rally After Agreement with Iran to End the War

Global sentiment remains positive as U.S. markets rallied sharply following confirmation of a peace agreement with Iran, driving a strong risk-on move led by technology stocks. Crude oil prices declined significantly, easing inflation concerns, while volatility fell sharply. Asian markets turned mixed after the initial surge, reflecting some consolidation.

Domestically, Nifty extended gains and held above key technical levels, supported by easing crude prices and improving FII activity. The rupee strengthened amid better risk appetite and capital inflows. Technically, the near-term bias stays positive, with support at 23,600 – 23,700 and resistance near 24,100.