Hopes of Resumption of Us-Iran Negotiations Buoy the Markets
By Prime Research | Updated at: Apr 15, 2026 11:20 AM IST
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US President Trump signalled a second round of U.S.-Iran talks within two days, potentially to be hosted by Pakistan, to ease tensions in the Middle East.
Brent crude plunged to $95 as supply disruption fears faded, while spot gold climbed above $4,800/oz on a softer dollar and risk-on sentiment post-cooler U.S. inflation data.
The tech-heavy Nasdaq Composite rose 2% to finish its tenth consecutive positive session, the longest stretch of gains for the index since 2021. This rally has successfully pushed the index back into positive territory for the year 2026 after recovering from earlier geopolitical shocks.
The yield on the 10-year Treasury note fell to 4.25% as the March producer price index rose only 0.5%, well below the 1.1% consensus estimate. Cooler inflation data, combined with a retreat in oil prices, has increased market expectations for a more dovish stance from the Federal Reserve.
Asian indices opened higher for a second day on optimism about U.S.-Iran talks.
On Monday, Nifty was weighed down by souring global sentiment and a spike in crude oil prices, closing 230 points lower at 23,842. It opened 460 points lower after a breakdown in US-Iran talks, but buyers stepped in at lower levels.
Nifty took support at the 20-day EMA and recovered more than 300 points from the low, ending near the high, suggesting strength. The short-term trend of the Nifty remains strong, and the swing low at 23,555 is likely to act as a strong support going forward, while the 24300-24500 band poses near-term resistance.
As the quarterly results season picks up, stocks will respond to earnings performance relative to expectations.
Indian markets are set to open around 1.5% higher, buoyed by the hopes of resumption in US–Iran negotiations.
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