The benchmark indices, Sensex and Nifty 50, may open flat on Tuesday as investors remain cautious amid overnight mixed global cues and ongoing tensions in the Israel-Iran conflict. While Asian markets showed a mixed trend, US markets closed higher overnight, with the Nasdaq posting its sharpest daily gain since 27 May.

However, on Monday, the Indian stock market rebounded strongly, ending a two-day losing streak as broad-based buying lifted indices across sectors.

Domestic Market Recap

On Monday, Indian indices closed in the green:

• Sensex gained by 677.55 points (0.84%) to close at 81,796.15
• Nifty 50 moved up by 227.90 points (0.92%) to settle at 24,946.50

Gift Nifty

Gift Nifty was trading near 24,970, around 26 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Wall Street Performance

The US stock market closed higher on Monday, buoyed by signs of easing tensions in the Israel-Iran conflict after Iran urged US President Donald Trump to push for a ceasefire. 

• Dow Jones Industrial Average gained 317.30 points (0.75%) points to close at 42,515.09.
• S&P 500 up by 56.14 points (0.94%), ending at 6,033.11.
• The Nasdaq Composite was trading higher by 294.39 points (1.52%), finishing at 19,701.21.

Crude Oil Prices

• Brent crude gained by 1.58% to $74.39/barrel
• US West Texas Intermediate (WTI) crude: 1.56% to $72.89/barrel

Gold Prices

• Spot gold gained by 0.5% to $3,399.90/oz 
• US gold futures up by 0.1% to $3,419.20

Overnight Major Global Events Driving Sentiment

1. Israel-Iran War: Iran urged US President Donald Trump to pressure Israel into halting its airstrikes and ending the ongoing aerial conflict. In response to the escalating tensions, Trump announced that he would return to Washington early from the G7 summit. Earlier, he posted a warning message on social media, advising “everyone” to evacuate Tehran, the Iranian capital.
2. India Unemployment Rate: India’s unemployment rate climbed to 5.6% in May, up from 5.1% in April, largely due to reduced agricultural activity. This marks the second monthly release of nationwide labour data encompassing both urban and rural areas. The report highlighted a higher jobless rate among women, at 5.8%, compared to 5.6% for men in May 2025.

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