S&P 500 and Nasdaq hit record closing on hopes of an extended U.S.- Iran ceasefire

U.S. markets extended their rally, with the S&P 500 and Nasdaq notching record highs for the third consecutive session, supported by optimism around a potential U.S.–Iran ceasefire. Gains were led by technology and healthcare, while the Dow posted marginal upside. Dell surged over 20% in after-hours trade, driven by strong earnings and AI-led data center demand.

Macro data remained mixed, with stable core PCE inflation but softer GDP growth and a slight uptick in jobless claims. Oil prices declined to ~$88, easing inflation concerns.

Asian markets traded higher, while Wipro surged on AI partnership news.

In India, Nifty closed largely flat at 23,907, with broader markets outperforming. Near-term, Nifty faces resistance at 24,100, with support at 23,800–23,600. Indian markets are likely to open subdued.