The Indian stock market benchmark indices, BSE Sensex and Nifty 50, are likely to open flat on Thursday as investors remain cautious amid mixed overnight global cues, ongoing US–Iran tensions, and volatile crude oil prices.

Asian markets traded on a mixed note, while the US stock market closed higher overnight, with the S&P 500 and Nasdaq Composite rallying to record closing highs.

However, on Wednesday, the Indian stock market ended with strong gains as late-session buying pushed both benchmark indices up by more than 1%, following reports that the US and Iran were close to reaching a deal to end their conflict.

Domestic Market Recap

On Wednesday, Indian indices closed green:

• Sensex soared by 940.73 points (1.22%) to close at 77,958.52
• Nifty 50 moved up by 298.15 points (1.24%) to settle at 24,330.95

Gift Nifty

Gift Nifty was trading near 24,442, around 5 points lower than the previous Nifty futures close, hinting at a lacklustre start for Indian markets.

Overnight Wall Street Performance

The US stock market closed higher on Wednesday, with the S&P 500 and Nasdaq Composite surging to record closing highs, supported by signs of progress toward resolving the Middle East conflict and a rally in Artificial Intelligence-related stocks.

• The Dow Jones Industrial Average gained by 612.34 points (1.24%) to close at 49,910.59.
• S&P 500 up by 105.90 points (1.46%), ending at 7,365.12.
• The Nasdaq Composite was higher by 512.82 points (2.02%), finishing at 25,838.94.

Crude Oil Prices

• Brent crude gained by 0.78% to $102.06/barrel
• US West Texas Intermediate (WTI) crude was trading 0.96% higher at $95.99/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran War: US President Donald Trump said the war in Iran could end soon as negotiations continue over the Strait of Hormuz and Tehran’s nuclear program. He expressed optimism about reaching a deal to resolve the ongoing stalemate. Meanwhile, Iranian foreign ministry spokesman Esmaeil Baqaei said Iran is still reviewing the US proposal.

The future of investing is here!
Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!