Trump signals Iran Conflict is Nearing an End - Crude Falls, Financial Markets Cheer
By Prime Research | Updated at: Mar 10, 2026 09:59 AM IST
Open Free Demat Account
Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.
Russian President Vladimir Putin held a call with Trump and shared proposals aimed at a quick settlement to the Iran war, easing concerns about a prolonged supply disruption.
The major US stock indices surged in the final hour of trading, closing not far off their highs. The Nasdaq jumped 308 points or 1.4% to 22695, the S&P 500 advanced 55 points or 0.8% to 6,795, and the Dow climbed 239 points or 0.5% to 47740.
Early in the session, the Dow tumbled as much as 1.9%, and the Nasdaq and S&P 500 both slumped as much as 1.5%, hitting their worst intraday levels in over three months.
Semiconductor stocks helped lead the turnaround on Wall Street, with the Philadelphia Semiconductor Index spiking by 3.9% after tumbling by as much as 2% to a two-month intraday low earlier.
Asian markets are trading higher, as the US stock market rallied overnight, as crude oil prices declined after Trump’s comments, easing inflation fears.
The nifty gapped down by over 580 points on weak global cues, then ended the day down 412 points (1.73%) at 24028, with a selloff across sectors amid escalating US-Iran tensions and a steep rise in crude oil prices.
From yesterday’s early morning lows of 23,697, the index clawed back more than 300 points to end near its daily high. 23,697 provides immediate support for the Nifty.
Nifty has now shed nearly 2,000 points from its recent swing high in just three weeks. Such sharp falls present a good opportunity for long-term investors with cash to deploy to keep accumulating quality investment ideas.
Indian equity markets are poised to open on a positive note today, buoyed by conducive global cues. Today’s rally is likely to face a stiff hurdle in the 24,300–24,400 band.
Disclaimer
At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
