Stock Market Today Live Updates: Sensex Jumps 2,600 Points At Pre-Open, Nifty Above 23,900 On US-Iran Ceasefire Move

Stock Market Today Live Updates: The GIFT Nifty signalled a strong start for benchmark indices, with the Nifty50 likely to open higher as crude oil prices tumbled following a ceasefire agreement between the US and Iran. The futures were trading at 23,804, up 653 points or 2.82%.

Back home, investors are awaiting the outcome of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, due later in the day. While the repo rate is widely expected to remain unchanged, market participants will closely watch the central bank’s commentary for cues on the policy outlook and the impact of recent geopolitical developments.

US President Donald Trump said Washington has agreed to pause its planned strikes on Iran’s power plants and civilian infrastructure

for two weeks, contingent on Tehran fully reopening the Strait of Hormuz.

Iran’s Foreign Minister Abbas Araghchi also confirmed in a post on X that the country would halt its military operations.

Asian markets rallied sharply on Wednesday morning, with South Korea’s Kospi leading the gains. Japan’s Nikkei 225 and the Kospi were up 4.97% and 5.69%, respectively.

Overnight on Wall Street, US indices ended marginally higher. The S&P 500 and Nasdaq Composite rose 0.08% and 0.10%, respectively, while the Dow Jones Industrial Average gained 0.18%.

Meanwhile, Brent crude’s April contract plunged 13.6% to $94.42 per barrel on the Intercontinental Exchange, as the reopening of the Strait of Hormuz—one of the world’s key oil supply routes—eased concerns around supply disruptions.

In the commodities market, gold and silver futures traded higher, rising 2.14% and 6.4%, respectively.