Hopes of IRAN-US Breakthrough Bouy Markets

Global sentiment improved as progress in U.S. and Iran negotiations and expectations of a Strait of Hormuz reopening led to a decline in crude prices, easing supply concerns. Prospects of a U.S. and India trade agreement further boosted optimism.

U.S. markets remained resilient, supported by strong earnings momentum despite elevated yields. Asian equities traded higher on easing geopolitical risks.

Domestically, Nifty closed higher on Friday and is set for a gap‑up opening near 23,900, likely breaking above key resistance at 23,800. Immediate support remains firm near 23,400, indicating a constructive near‑term outlook.