Heaving a sigh of relief, Indian benchmark indices—Sensex and Nifty—posted gains in early trade on Tuesday following US President Donald Trump announcing a ceasefire agreement between Iran and Israel.
Around 9:50 a.m., the BSE Sensex was up 535 points at 82,431, while the NSE Nifty rose 170 points to 25,142.
The ceasefire eased geopolitical tensions and sent oil prices lower, which is good for India, a major energy importer.
US President Donald Trump announced on Monday that Israel and Iran have agreed to a “complete and total ceasefire” which would be phased in over 24 hours.
“CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED!,” the US President posted on his Truth Social platform on Monday.
