Global Markets Rally on U.S. & Iran Peace Deal

Global markets surged on confirmation of a U.S. & Iran peace agreement, driving a sharp decline in crude prices and boosting risk sentiment worldwide. U.S. equities and futures rallied, supported by easing geopolitical risks, falling volatility, and strong IPO momentum.

Asian markets followed with broad-based gains. Domestically, Nifty rebounded strongly, confirming a breakout above key resistance and signaling a trend reversal, supported by improved market breadth and FII positioning.

Technically, the 23,425 – 23,516 zone now acts as support, while upside targets are placed at 24,000–24,100, with further strength possible toward 24,400 levels