Crude Slides, Nvidia in Focus - Markets Ready for the Next Big Catalyst

U.S. equities advanced as tech and semiconductors rebounded ahead of Nvidia’s pivotal earnings, with the Nasdaq up 0.66%, S&P 500 0.32%, and the Dow posting a third straight gain. A sharp drop in crude after Iran‑Oman talks to reopen the Strait of Hormuz eased inflation concerns and supported risk appetite, while long‑bond yields fell as Treasury buyback expectations firmed. The dollar weakened, boosting gold and bitcoin.

In India, the rupee rallied on heavy RBI intervention and lower crude. Nifty surged 115 points to 24,334, reclaiming its 20‑DEMA, with 24,375 and 24,600 as key resistances and 24,100 as trendline support