Indian equity markets look set to shoot up after ceasefire between Israel and Iran

US President Donald Trump has announced that Israel and Iran have agreed to a ceasefire. The announcement came after Iran launched missile attacks on America’s airbase in Qatar. The attack did not result in any deaths. President Trump said that Iran had informed US beforehand of its attack on the US airbase.

US markets jump on ceasefire announcement

US markets jumped on the news of ceasefire. Nasdaq ended the day, yesterday, 23^rd June, 2025 up by 183.56 points or 0.94%. Dow Jones ended the day, up by 374.96 points 0.89%. S&P 500 ended the day, up by 57.33 points or 0.96%.

Crude oil prices drop sharply

Crude oil prices dropped sharply after the announcement of ceasefire. At 8:50 a.m. Indian Standard Time, 24^th June, 2025, WTI crude for August delivery is down by 2.48%, trading at $66.75 per barrel. Brent crude for August delivery is down by 2.48%, trading at $69.69 per barrel.

Asian markets shoot up

Asian markets have started the day in green on the ceasefire news. At 8:50 a.m. Indian Standard Time today, 24^th June, 2025, Nikkei 225 is up by 415 points or 1.08%. Hang Seng is up by 501 points, or 2.11%. Shanghai composite is up by 34.18 or 1.01%. Kospi is up by 79.62 points or 2.64%.

Indian equity markets are all set to start the day on a hugely positive note.

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Source: Dow Jones