The Indian stock market benchmark indices, BSE Sensex and Nifty 50, are set to open higher on Wednesday, supported by positive overnight global cues and growing optimism over the resumption of US–Iran talks along with early signs of de-escalation in the Middle East conflict.

Asian markets traded higher, while the US stock market surged overnight, with the S&P 500 nearing its record closing high.

The domestic equity market remained closed on Tuesday, April 14, on account of Dr. B. R. Ambedkar Jayanti.

However, on Monday, the Indian stock market resumed its downward trend and ended with sharp losses.

Domestic Market Recap

On Monday, Indian indices closed red:

• Sensex crashed by 702.68 points (0.91%) to close at 76,847.57
• Nifty 50 moved down by 207.95 points (0.86%) to settle at 23,842.65

Gift Nifty

Gift Nifty was trading near 24,228, around 370 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Overnight Wall Street Performance

The US stock market closed higher on Tuesday as renewed optimism over potential US–Iran peace talks lifted investor sentiment, while investors also evaluated the latest round of bank earnings.

• The Dow Jones Industrial Average soared by 317.74 points (0.66%) to close at 48,535.99.
• S&P 500 up by 81.14 points (1.18%), ending at 6,967.38.
• The Nasdaq Composite was higher by 455.35 points (1.96%), finishing at 23,639.08.

Crude Oil Prices

• Brent crude slumped by 0.37% to $94.44/barrel
• US West Texas Intermediate (WTI) crude was trading 1.04% lower at $90.33/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran Peace Talks: US President Donald Trump said that talks to end the Iran war could resume in Pakistan within the next two days, adding that the other side is keen to strike a deal. Meanwhile, China stated that it would work toward restoring peace and stability in the Middle East.
2. IMF Outlook: The International Monetary Fund raised its growth forecast for India’s economy for 2026–27 to 6.5% from 6.4% projected in January, despite the challenges arising from the US-Iran conflict. However, it lowered its global growth outlook to 3.1% for 2026, down by 0.2 percentage points from its earlier estimate.
3. India CPI Inflation: India’s Consumer Price Index edged up to 3.4% in March from 3.21% in the previous month, remaining below the Reserve Bank of India target of 4%.

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