Gold and silver prices witnessed a sharp decline on Tuesday, June 23, 2026, as bullion markets continued to react to changing global economic conditions and easing geopolitical concerns. According to data released by the India Bullion and Jewellers Association (IBJA), silver prices fell by ₹10,566 per kilogram in a single trading session, while gold prices dropped by ₹2,522 per 10 grams.

With this decline, silver prices slipped to ₹2.27 lakh per kilogram from ₹2.37 lakh recorded a day earlier. Gold prices also fell sharply, with 24-carat gold closing at ₹1.45 lakh per 10 grams compared to ₹1.47 lakh on Monday.

The latest correction has significantly reduced gains accumulated earlier in the year. Since the beginning of June, gold has become cheaper by ₹10,748 per 10 grams, while silver has declined by ₹36,015 per kilogram. Market experts attribute the fall to profit-booking by investors, easing concerns over global supply disruptions, and changing expectations regarding international economic policies.

Sharp Fall from Record Highs

The decline becomes more significant when compared to the record highs touched earlier this year. Gold had reached an all-time high of ₹1.76 lakh per 10 grams on January 29, 2026. Since then, the yellow metal has corrected by more than ₹31,000.

Silver has witnessed an even steeper fall. After touching a historic high of ₹3.86 lakh per kilogram in January, silver prices have dropped by nearly ₹1.59 lakh within about five months. Analysts believe that extreme volatility in industrial demand expectations and global commodity markets has contributed to the sharp swings in silver prices.

Bullion traders noted that precious metals often react strongly to developments in international markets. Recent stability in crude oil prices and reduced fears of major disruptions in global trade have lessened demand for traditional safe-haven assets such as gold and silver.

Impact of Import Duty Changes

The bullion market is also adjusting to recent policy changes. The central government has increased the import duty on gold and silver from 6% to 15%, comprising 10% Basic Customs Duty and 5% Agriculture Infrastructure and Development Cess (AIDC).

According to market observers, the move is aimed at reducing dependence on imports and limiting pressure on India's foreign exchange reserves. The higher duty structure could influence domestic pricing trends and consumer demand in the coming months.

Jewellery retailers, however, indicate that local prices continue to vary from city to city due to transportation expenses, security costs, local demand patterns and inventory purchased at different rates.

For consumers planning to purchase gold, industry experts recommend buying only BIS-hallmarked jewellery and verifying prevailing market rates before making a purchase. Hallmark certification remains one of the most reliable indicators of purity.

Similarly, buyers of silver are advised to check authenticity through standard verification methods and purchase from trusted dealers. As prices remain volatile, traders expect continued fluctuations in the bullion market over the coming weeks.

The sharp fall in silver prices today and the decline in gold rates highlight how quickly precious metal markets can react to global developments. Investors and consumers alike are likely to keep a close watch on international trends, policy decisions and currency movements for further direction in bullion prices.

Indian stock markets ended sharply lower on Tuesday, with benchmark indices posting their biggest single-day decline in recent sessions. The BSE Sensex plunged 893.39 points to settle at 76,200.68, while the NSE Nifty closed with losses of more than 1%, reflecting weak investor sentiment across sectors.

The decline came amid growing uncertainty over geopolitical developments in West Asia and concerns about the effectiveness of ongoing diplomatic efforts between the United States and Iran. Market participants adopted a cautious approach, leading to broad-based selling in equities, particularly in information technology and metal stocks.

Among the major laggards on the Sensex were Infosys, TCS, HCL Technologies, Tata Steel, Bharat Electronics and Adani Ports. The sharp fall in IT stocks played a significant role in dragging benchmark indices lower as investors reduced exposure to sectors sensitive to global economic conditions.

Sector-wise, the Nifty IT and Metal indices emerged as the biggest losers during the session. In contrast, the pharmaceutical sector offered some resilience, with the Nifty Pharma index gaining nearly 1% as investors sought defensive opportunities amid market volatility.

IT Stocks Under Pressure

Technology companies faced significant selling pressure due to concerns about global demand and uncertainty in international markets. Analysts noted that any slowdown in major overseas economies could impact earnings prospects for export-oriented IT firms, prompting investors to book profits.

Metal stocks also witnessed weakness as traders monitored developments in global commodity markets and economic growth forecasts. The sector remained sensitive to changing expectations regarding industrial demand and trade activity.

Global market cues further added to investor caution. Most Asian markets ended in negative territory. South Korea's KOSPI index recorded the sharpest decline, falling more than 4%, while Japan's Nikkei and Hong Kong's Hang Seng also closed lower.

Oil Prices and Currency Movement

Despite geopolitical tensions, crude oil prices remained below the $80 per barrel mark. Brent crude continued trading significantly below the highs witnessed during the recent Iran conflict, offering some relief to oil-importing economies such as India.

Meanwhile, the Indian rupee weakened by 11 paise during the session to close at 94.74 against the US dollar. However, the currency has appreciated nearly 3% over the past month, supported by improving capital flows and easing pressure from global energy prices.

According to market data, foreign institutional investors (FIIs) have purchased shares worth approximately ₹3,300 crore over the last seven trading sessions, indicating selective confidence in Indian equities despite near-term volatility. Domestic institutional investors (DIIs) also remained net buyers, helping cushion the overall market decline.

In the primary market, investor attention shifted to the opening of the Waterways Leisure Tourism Limited IPO. The company, which operates Cordelia Cruises in India, launched its public issue with plans to raise ₹585 crore. The IPO will remain open for subscription until June 25, with a price band fixed between ₹769 and ₹808 per share.

Market experts believe investors will continue to monitor geopolitical developments, crude oil prices, foreign investment trends and corporate earnings for further direction. While short-term volatility may persist, analysts maintain that domestic economic fundamentals remain a key support for the broader market outlook.

The sharp Sensex crash and Nifty decline underscore the influence of global developments on investor sentiment, making upcoming international and domestic policy signals crucial for market direction in the coming weeks.

The Indian equity benchmarks opened on a weak note and extended losses through the session on Friday, with heavy selling in IT stocks pulling the markets sharply lower.

The BSE Sensex tumbled nearly 800 points to trade around 76,600 levels. The NSE Nifty slipped below the key 24,000 psychological mark and was seen hovering near 23,950. 

IT shares bore the maximum brunt. Infosys crashed up to 8 per cent, while TCS, Tech Mahindra, and HCL Technologies fell between 5-6 per cent. The Nifty IT index plunged over 5 per cent, becoming the worst performing sectoral index of the day.

According to preliminary information, the sell-off in domestic IT counters followed weak global cues after Accenture’s disappointing outlook weighed on investor sentiment towards the sector. 

Sectoral performance remained mixed. While Nifty Chemicals, Healthcare, Pharma, and Media managed to stay in positive territory or limit losses, most other indices traded in the red.

Oil prices traded flat on Friday with Brent crude continuing to hover below the $80 per barrel mark. The global benchmark has fallen nearly 38 per cent from its Iran war highs of $126 per barrel, offering some comfort on the inflation front for India.

Asian markets showed a mixed trend in early trade. The KOSPI and Nikkei closed in the green, while the Hang Seng slipped into negative territory.

Wall Street, meanwhile, ended on a firm note on Thursday. The Dow Jones, Nasdaq, and S&P 500 all posted gains, with the tech-heavy Nasdaq rising nearly 2 per cent.

Back home, the rupee showed resilience. The local currency rose 20 paise to 94.20 against the US dollar on Friday. Currency traders noted that the rupee has gained nearly 3 per cent in the last one month, supported by easing oil prices and steady foreign inflows in recent weeks.

The sharp reversal on Friday comes after a decent session on Thursday. On June 18, the Sensex closed at 77,410, up 254 points, while the Nifty settled at 24,168, gaining 82 points.

Market participants are closely watching global cues and upcoming corporate earnings. Further details on the extent of the sell-off and any institutional flows are awaited. The investigation into broader market volatility, if any, remains ongoing as traders assess the sustainability of the recent rally.

The correction in IT majors highlights the sector’s sensitivity to global tech spending trends. With several Indian IT firms heavily dependent on US and European clients, any slowdown in discretionary spending or guidance cuts abroad tends to reflect quickly on Dalal Street. 

At the same time, lower crude prices could support other segments like auto, consumer goods, and banks by keeping input costs in check. Whether this provides enough counterweight to the IT drag will decide the market’s near-term direction.

As of now, sentiment remains cautious with traders preferring to stay light ahead of the weekend.

Indian equity markets extended their winning streak on Thursday as investors responded positively to global developments, particularly the easing of geopolitical tensions in the Middle East. The benchmark BSE Sensex gained 254.36 points to close at 77,409.98, while the NSE Nifty settled comfortably above the key 24,000-mark, reflecting sustained investor confidence.

The latest gains came after reports confirmed that the United States and Iran had signed a memorandum aimed at ending the recent conflict between the two nations. The development has been closely watched by global financial markets because of its potential impact on energy supplies and inflation trends worldwide.

According to market participants, the decline in crude oil prices played a significant role in supporting investor sentiment. Lower oil prices are generally viewed as beneficial for the Indian economy, which relies heavily on crude imports. Reduced energy costs can help contain inflation, improve corporate profitability, and ease pressure on the country's trade balance.

Oil Prices Ease

Global crude oil prices witnessed a sharp correction following the peace agreement. Brent crude, the international benchmark, slipped to around $77 per barrel, marking its lowest level in more than three months. Market data indicates that oil prices have fallen significantly from the highs recorded during the peak of the Iran conflict.

The agreement was signed by Iranian President Masoud Pezeshkian after US President Donald Trump formally endorsed the framework in Versailles, France. Reports suggest that investors interpreted the development as a major step toward restoring stability in global energy markets.

The decline in crude prices also helped offset concerns arising from weakness in certain sectors of the domestic market. Analysts believe that if oil prices remain under control, sectors dependent on fuel and transportation costs could see improved earnings prospects in the coming quarters.

Mixed Sector Performance

Despite the overall gains in benchmark indices, sectoral performance remained mixed. Information Technology stocks emerged as the weakest segment of the market, witnessing notable selling pressure during the session. Consumer Durables and Oil & Gas shares also traded in negative territory.

On the other hand, media-related stocks recorded strong gains, helping support broader market sentiment. Other sectors displayed selective buying as investors shifted their focus toward companies expected to benefit from improving economic conditions.

Asian markets delivered mixed signals. South Korea's KOSPI and Japan's Nikkei posted gains, while Hong Kong's Hang Seng index ended lower. Meanwhile, US markets had closed in negative territory during the previous session, with the Dow Jones, Nasdaq, and S&P 500 all recording losses.

Foreign institutional investors continued to remain cautious. Data showed that foreign investors have been net sellers over the past week, while domestic institutional investors maintained their buying momentum. Market experts believe strong domestic participation has helped offset foreign outflows and provided stability to Indian equities.

The Indian currency also faced pressure during the day. The rupee weakened by 21 paise and settled at 94.71 against the US dollar. Currency traders attributed the decline to global dollar strength and ongoing volatility in international markets.

Looking ahead, investors are expected to closely monitor crude oil movements, global economic developments, and institutional investment flows. Market participants will also keep an eye on upcoming corporate earnings and macroeconomic indicators that could influence trading direction in the near term.

With the Indian stock market recording gains for five consecutive sessions, attention will now shift to whether benchmark indices can sustain their momentum amid evolving global and domestic factors.

The domestic bullion market opened higher on June 18, with gold and silver prices witnessing an uptick across major Indian cities. Market participants tracked developments surrounding the recent US-Iran agreement, which is expected to reduce tensions in the Middle East and improve stability in global energy supplies.

According to market data, the price of 24-carat gold in India stood at ₹1,54,180 per 10 grams, while Silver 999 Fine was priced at ₹2,53,170 per kilogram. Multi Commodity Exchange (MCX) gold futures traded near ₹1,53,899 per 10 grams during early trade, while silver futures hovered around ₹2,52,046 per kilogram.

Internationally, spot gold rose nearly 1.5% to around $4,322 per ounce after recovering from losses recorded in the previous trading session. Silver also gained strength in overseas markets, climbing more than 2%, supported by renewed buying interest in precious metals.

Major Cities Record Marginal Variations

Gold rates showed minor differences across key metropolitan centres. In Mumbai, 24-carat gold was quoted at ₹1,53,900 per 10 grams, while 22-carat gold traded at ₹1,41,075. The rate for 18-carat gold stood at ₹1,15,425 per 10 grams.

Delhi reported 24-carat gold prices of ₹1,53,630 per 10 grams, with 22-carat gold at ₹1,40,828 and 18-carat gold at ₹1,15,223. Similar trends were observed in Kolkata, Chennai, Bengaluru, Hyderabad and Ahmedabad, where prices remained close to the national average.

Silver prices also stayed firm, ranging between ₹2.52 lakh and ₹2.53 lakh per kilogram across major cities.

Global Factors Influence Bullion Market

Reports indicate that the US-Iran agreement could help restore normal shipping activity through the Strait of Hormuz, one of the world's most important energy routes. The development triggered a rally in global equity markets and pushed crude oil prices lower.

However, analysts believe investors continue to maintain exposure to gold as a hedge against inflation, currency fluctuations and broader economic risks. As a result, bullion prices have remained near historic highs despite improving geopolitical conditions.

Market experts note that movements in the US dollar, Federal Reserve policy decisions and global bond yields will continue to influence gold and silver prices in the coming weeks. Any changes in interest rate expectations could impact investment demand for precious metals.

Gold and silver prices recorded a significant correction this week, easing from their recent highs as investors opted to hold cash amid growing geopolitical uncertainty and profit-booking activity. According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold declined by ₹6,438 per 10 grams over the past week, while silver prices fell by ₹14,326 per kilogram. The latest movement comes after months of sharp volatility in precious metal markets, which had surged to record highs earlier this year. Market analysts say the decline reflects changing investor sentiment, with many traders reducing exposure to bullion and increasing liquidity in response to ongoing global tensions. The correction is being closely watched by jewellers, investors, and consumers ahead of the upcoming festive and wedding demand season in India.

According to IBJA figures, 24-carat gold is now trading at approximately ₹1.48 lakh per 10 grams, compared to ₹1.54 lakh on June 6. Silver prices have also softened, falling from ₹2.57 lakh per kilogram to around ₹2.43 lakh per kilogram during the same period.

The decline marks one of the sharpest weekly corrections in recent months and comes after both precious metals touched historic highs earlier in 2026.

Record Highs Earlier This Year

Gold and silver markets have witnessed extreme volatility since the beginning of the year. On December 31, 2025, gold was priced at around ₹1.33 lakh per 10 grams. Prices later surged to an all-time high of ₹1.76 lakh on January 29, driven by global uncertainty and strong investment demand.

Since reaching that peak, gold prices have corrected by nearly ₹28,000 per 10 grams.

Silver followed a similar trajectory. Starting the year at ₹2.30 lakh per kilogram, the metal climbed to a record ₹3.86 lakh per kilogram in January. However, the market has since witnessed a sharp reversal, with prices declining by nearly ₹1.43 lakh per kilogram over the last 135 days.

Why Prices Are Falling

Market experts attribute the recent decline to a combination of investor behavior and changing market dynamics.

One major factor is the growing preference for cash holdings. Reports indicate that investors are becoming increasingly cautious amid tensions in the Middle East and broader global economic uncertainty. Instead of moving additional funds into precious metals, many are liquidating positions to maintain higher cash reserves.

Another key reason is profit booking. Gold and silver delivered exceptional returns during the early months of the year, encouraging institutional and large-scale investors to sell holdings at elevated levels. The increase in supply has put downward pressure on prices across bullion markets.

Impact on Consumers and Investors

The correction could offer some relief to jewellery buyers who postponed purchases during the period of record-high prices. Lower rates may encourage demand from retail consumers, particularly with the festive and wedding season approaching in several parts of the country.

For investors, however, the recent decline highlights the volatility that has characterized precious metals throughout 2026. Analysts suggest that future price movements will largely depend on global economic conditions, central bank policies, currency trends, and geopolitical developments.

The Indian Rupee fell to a record low of ₹95.94 against the US Dollar on May 15, marking its weakest level ever in currency markets. The Rupee declined by 30 paise in a single day, extending a steady downward trend that has continued over the past several weeks amid global economic uncertainty and rising crude oil prices. On Thursday, the Rupee had already touched a previous low of ₹95.64, and the latest decline has deepened concerns among economists and market participants about imported inflation and economic stability.

Currency Under Continuous Pressure

The Rupee has been under sustained pressure since the beginning of 2026. It first crossed the 90-per-dollar mark in December 2025 and has weakened significantly since then. Market analysts say the current depreciation reflects a combination of global and domestic factors, including geopolitical tensions, foreign fund outflows, and rising import costs. Currency dealers noted that volatility has increased sharply in recent weeks, with limited intervention from central monetary authorities in daily trading sessions.

Global Oil Prices Driving Weakness

A major factor behind the Rupee’s fall is the sharp rise in global crude oil prices. India imports more than 85% of its crude oil requirements, making the currency highly sensitive to international energy markets. Brent crude has reportedly surged above $100 per barrel due to escalating tensions in West Asia involving Iran, the United States and Israel. The risk of supply disruptions through key shipping routes has further intensified market concerns. Higher oil prices increase India’s import bill, requiring more US Dollars for the same volume of imports, which puts additional pressure on the Rupee.

Strong Dollar Index Adds Pressure

The US Dollar has strengthened globally, with the Dollar Index rising to around 99.05 levels. When the Dollar strengthens against major global currencies, emerging market currencies like the Rupee typically weaken. Experts say investors are shifting capital towards safer assets such as the US Dollar due to global uncertainty. This “safe haven” demand is further weakening Asian currencies.

Foreign Investment Outflows

Foreign Institutional Investors (FIIs) have also been pulling money out of Indian equity markets. On Wednesday alone, FIIs reportedly sold shares worth over ₹4,700 crore. Such capital outflows increase demand for foreign currency, particularly the US Dollar, further weakening the domestic currency. Market participants say continued selling by foreign investors has added volatility to both stock and currency markets in recent sessions.

Inflation Risk Rising

Economists warn that a weaker Rupee could lead to imported inflation in the Indian economy. Rising crude oil prices directly affect fuel costs, transportation expenses, and production costs across sectors. Wholesale inflation has already touched a multi-year high, and analysts expect further pressure if currency depreciation continues. A weaker Rupee also increases the cost of imported goods such as electronic devices, pharmaceuticals, machinery and raw materials, potentially impacting retail prices.

Impact on Consumers

The currency decline is expected to affect households in multiple ways. Higher fuel prices may increase transportation costs, which could push up prices of essential goods such as vegetables, grains and packaged products. Education and travel abroad are also expected to become more expensive, as families will need to spend more Rupees to purchase US Dollars for fees and expenses. Imported electronics such as smartphones, laptops and components may also see price increases in the coming months.

Crude Oil Supply Concerns

Global energy markets remain under pressure due to reduced production levels in several oil-exporting countries. Reports indicate that OPEC production has fallen to multi-decade lows, tightening global supply. Energy experts have warned that disruptions in key shipping routes could continue to affect supply chains until at least 2027 if geopolitical tensions persist. Investment banks such as JPMorgan have projected that crude oil prices may remain near or above $100 per barrel for an extended period, keeping pressure on importing economies like India.

Government Measures and Policy Response

The central government has acknowledged the challenges posed by global volatility and rising import costs. The Prime Minister recently urged citizens to reduce unnecessary consumption of imported goods and focus on economic discipline.

In recent policy actions, the government has also adjusted tariffs on certain imported commodities to manage outflows of foreign exchange and stabilize economic conditions. Officials maintain that India’s foreign exchange reserves remain adequate, but sustained global shocks could continue to impact currency stability.

-----------

Dalal Street Cheers Modi-Trump Call
Sensex roars 1,300 points; Nifty jumps nearly 400 on Hormuz Strait, trade talks

Indian benchmark indices surged sharply in early trade on Wednesday, propelled by a key phone conversation between Prime Minister Narendra Modi and US President Donald Trump. Sensex rocketed 1,300 points at open, while Nifty climbed almost 400 points.

Markets reacted to the leaders' focus on keeping the Strait of Hormuz open amid Iran tensions and hints of an impending India-US trade deal.

Leaders Discuss Key Issues

Prime Minister Modi and President Trump spoke for 40 minutes on Tuesday evening. Sources indicated the call covered the Iran conflict and stressed uninterrupted navigation through the Strait of Hormuz.

PM Modi shared details on social media, highlighting the productive exchange. Trading opened buoyant as investors cheered the positive tone.

Sensex Opens Strong

The BSE Sensex leaped to around 25,000 levels in initial deals, up 1,300 points from Tuesday's close. Major gainers included IndiGo, HCL Tech, Infosys, UltraTech Cement, Bajaj Finance and Larsen & Toubro.

Nifty mirrored the rally, gaining nearly 400 points to hover above 24,200. Broad-based buying swept across counters.

Nifty IT Leads Gains

Sectoral indices shone brightly on the NSE. Nifty IT topped with a 2.93% jump, followed by PSU Bank, Metal and Realty sectors.

All major indices advanced at open. The rally erased Monday's losses, when Sensex had shed 702 points and Nifty 208 points to end at 23,842.65.

Ambassador Hints Trade Deal

US Ambassador to India Sergio Gor termed the Modi-Trump call "a very positive and productive" discussion. He added, "Stay tuned," signaling possible announcements on the long-awaited India-US trade deal soon.

Officials confirmed the envoy's remarks aligned with ongoing negotiations. Markets interpreted this as a bullish trigger.

Global Markets Align

Asian bourses advanced in tandem. South Korea's Kospi rose 3.14% to 6,155, Japan's Nikkei gained 0.49% at 58,163, and Hong Kong's Hang Seng climbed 0.82% to 26,094.

US indices closed higher overnight, with Nasdaq up 1.96%, Dow Jones 0.66% and S&P 500 1.18%. Positive overseas cues fueled Dalal Street's momentum.

Impact on Investors

The surge boosted investor sentiment amid geopolitical worries. IT and banking stocks drew heavy buying as trade deal hopes resurfaced. Analysts see this lifting foreign inflows into Indian equities.

Retail and institutional players piled in early, pushing turnover higher. Broader economy stands to gain from stable trade ties.

What Lies Ahead

Traders eye follow-up developments on the trade pact and Hormuz situation. Any formal deal announcement could sustain the rally, per market experts.

Indian Stocks Jump on US-Iran Ceasefire, Sensex Soars 3,000 Pts

Sensex skyrockets nearly 3,000 points, Nifty touches 24,000 as US-Iran ceasefire deal sends oil prices crashing. Indian stocks jump on US-Iran ceasefire.

Markets Open Strong

Indian benchmark indices recorded a historic surge on Wednesday, 8 April 2026, after the United States and Iran agreed to a conditional ceasefire. The 30-share Sensex jumped nearly 3,000 points in early trade, while the Nifty 50 breached the 24,000 level for the first time in weeks.

The sharp drop in global crude oil prices, triggered by the development, fuelled broad-based buying across sectors. According to exchange data, the Sensex was trading at 77,587 levels, up 2,970 points from Tuesday’s close.

Realty Leads Gains

All NSE sectoral indices opened in the green, with Nifty Realty emerging as the top gainer, rising over 5 per cent. Auto, financial services, and consumer durables followed closely, each gaining between 3 and 4 per cent.

Among individual stocks, Tech Mahindra, HCL Tech, Power Grid, TCS, NTPC, Infosys, Sun Pharma, and BEL were the top performers on the Sensex. Market breadth remained strongly positive, with over 2,200 advances on the NSE.

Ceasefire Announced

The rally came after US President Donald Trump announced a temporary two-week halt to military strikes on Iran. The pause is linked to Tehran’s agreement to ensure safe passage of cargo ships through the strategic Strait of Hormuz.

In a Truth Social post, Trump said he was willing to suspend bombings for two weeks if Iran immediately reopens Hormuz – a vital transit route for nearly 20 per cent of global oil supply. He added that Washington had received a “10-point proposal” from Iran, with most longstanding disputes already seeing broad agreement.

Trump’s Two-Week Pause

Trump noted that the decision followed appeals from Pakistan Prime Minister Shehbaz Sharif and Army Chief General Asim Munir to de-escalate tensions and extend diplomatic engagement. The two-week window, he said, will be used to finalise and implement a full-fledged deal.

Officials indicated that indirect talks between US and Iranian negotiators are likely to resume in Oman within days. The development marks a sharp reversal from weeks of military escalation that had rattled global markets.

Oil Plunges 13%

Global crude benchmark Brent oil prices dropped sharply as Iran agreed to let vessels pass through Hormuz following the ceasefire. Prices fell around 13 per cent to $94.82 per barrel on Wednesday morning – the steepest single-day decline since the conflict began.

Lower oil prices are a significant positive for India, which imports nearly 85 per cent of its crude requirements. Analysts said every $10 drop in oil prices reduces the country’s current account deficit by roughly $9 billion.

RBI Policy in Focus

Meanwhile, the Reserve Bank of India’s Monetary Policy Committee (MPC) concluded its three-day meeting today. Governor Sanjay Malhotra delivered the monetary policy statement earlier in the day, addressing the impact of the Iran conflict on the Indian economy.

Market participants expect the RBI to maintain a neutral stance, though the sharp fall in oil prices may provide room for a dovish tilt. The central bank had previously flagged geopolitical risks as a key concern for inflation and growth.

What Lies Ahead

On Tuesday, the stock market had posted gains for the fourth consecutive session, with the Sensex closing 510 points higher at 74,617 and the Nifty rising 155 points to 23,124. Wednesday’s rally has added over ₹12 lakh crore in investor wealth so far.

Looking ahead, traders will monitor the implementation of the US-Iran ceasefire and any further signals from the RBI. As one dealer put it, “If oil stays below $95 and the truce holds, Indian stocks could see sustained momentum.” For now, Indian stocks jump on US-Iran ceasefire, giving investors their best single-day return in nearly two years.