The Indian equity benchmark indices, the Sensex and Nifty, started strong on Tuesday, June 24, 2025, amid positive global cues following US President Donald Trump's claim that Iran and Israel have agreed to a ceasefire. The 30-share BSE Sensex opened at 82,534.61, with a jump of 637.82 points, and the Nifty started the trading session at 25,179.90, gaining 208 points. In the last trading session, the Sensex closed at 81,896.79 and the Nifty 50 at 24,971.90. Similarly, the broader indices started the session in the green, with the BSE Midcap adding 341 points and the BSE Smallcap index gaining 550.39 points or 1.04 per cent in the early trade. Meanwhile, Brent crude oil prices were trading USD 1.72 lower per barrel at USD 69.70, suggesting the geopolitical situation is returning to normalcy.
Moreover, India VIX, often referred to as the 'fear index', fell over 3 per cent to drop below the key level of 14 in the opening trade.
"The dramatic developments in West Asia culminating in President Trump’s announcement of ceasefire indicate that the worst of the conflict is over. The sharp reactions in the crude oil and stock markets suggest the geopolitical situation is limping back to normalcy. Nifty which has been stuck in the 24500-25000 range will now decisively break out on the upside. But whether it will sustain at higher levels will depend on developments on the trade front," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Meanwhile, Brent crude was trading 3.17 per cent higher at USD 79.45 per barrel at 6:27 p.m. ET. The US crude benchmark, West Texas Intermediate (WTI) was trading up USD 3.18 at USD 76.19 per barrel in early New York trading.
In early trade, 1,993 stocks in the Nifty pack were trading in the green, while 396 were trading in the red. Forty-five stocks remained unchanged.
What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a positive start as it opened 124 points higher at 25,102.
Asian Markets Today
Meanwhile, most of the Asian shares traded in the green as US stocks rallied and the price of oil tumbled. At the time of writing the news, Japan's Nikkei 225 gained 402.29 points and was trading at 38,756.38 and Hong Kong's Hang Seng surged 461.66 points or 1.95 per cent. Similarly, South Korea's Kospi traded in the green with a gain of 80.46 points. Similarly, China's Shanghai Composite was up by 33.87 points or 0.99 per cent.
How did individual sectors perform?
All Nifty sectoral indices traded in the green today. While Nifty IT gained 1.25 per cent, Nifty Auto was up by 1.08 per cent in the opening trade. The Nifty Realty jumped 1.22 per cent in the early trade.