Sensex, Nifty Trade Flat Amid Ceasefire Hopes; Rupee Strengthens 27 Paise

Indian share markets opened cautiously on Friday as a fresh Israel-Lebanon ceasefire and early signals of US-Iran peace negotiations lifted broader sentiment, keeping Sensex near 78,060 and Nifty at 24,220.

Markets Hold Steady at Open

Indian stock markets began the session on a muted note Friday, with both benchmark indices clinging close to their previous closes. The BSE Sensex hovered around the 78,060.46 level while the NSE Nifty 50 edged marginally upward to 24,220.00 points. The flat opening reflected cautious optimism among domestic investors as global geopolitical developments continued to shape risk appetite.

Nifty Media Leads Sector Gains

Sectorally, the mood on the National Stock Exchange was broadly positive, with most indices trading in the green. Of the major sector gauges, Nifty Private Bank, Metal, and Financial Services were the exceptions, trading with mild losses. Nifty Media was the standout performer, advancing 1.55% to top the gainers' list — a sign of renewed interest in consumption-linked plays.

Israel-Lebanon Ceasefire Takes Hold

A significant geopolitical development buoyed investor confidence globally. A 10-day ceasefire between Israel and the Lebanese militant group Hezbollah formally took effect on Friday, following an announcement by US President Donald Trump on Thursday. Both Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun agreed to the temporary truce, which came into effect at 5 PM EST — or 7:30 AM IST on Friday. The development tempered regional risk concerns that had weighed on global markets in recent sessions.

US-Iran Peace Talks Gather Pace

Adding to the positive backdrop, a Pakistani diplomatic delegation departed for Tehran on Thursday to lay the groundwork for a second round of indirect peace negotiations between Washington and Tehran. Market participants closely tracked these developments, as any easing of tensions in the broader West Asia region tends to ease pressure on crude oil prices — a key input variable for India's trade balance and inflation outlook.

Asian Peers Trade Mixed

Across Asia, equity markets presented a divergent picture on Friday. South Korea's Kospi eased 0.67%, while Japan's Nikkei shed 0.99%. Hong Kong's Hang Seng saw the steepest regional decline, falling 1.38%. The mixed performance across the region reflected lingering uncertainty over the pace of global economic recovery and trade policy developments out of Washington.

Wall Street Settles Marginally Higher

US equity markets ended Thursday's session on a positive note, lending a modest tailwind to Asian and Indian markets. The Dow Jones Industrial Average gained 115 points, or 0.24%, to close at 48,579. The Nasdaq added 87 points (0.36%) to finish at 24,103, while the S&P 500 rose 18 points (0.26%) to settle at 7,041 — its third consecutive session of mild gains. Sustained buying in technology and consumer discretionary stocks drove the advance.

Nifty Levels to Watch

As per the technical report by Wealth View Analytics, key support for Nifty lies at 23,940, 23,850, 23,462, 23,330, and 22,857. On the upside, resistance is placed at 24,143, 24,387, 24,450, 24,538, 24,650, and 25,002. Support levels indicate price points where buying interest tends to arrest declines, while resistance zones mark levels where selling pressure typically caps advances. A clean breakout above 24,650 could set the stage for a move toward the psychologically significant 25,000 mark.

Rupee Firms Up on Easing Tensions

The Indian rupee strengthened considerably in early trade, rising 27 paise to quote at 92.87 against the US dollar. The currency's firming was broadly attributed to easing geopolitical tensions in West Asia, a softer dollar index overseas, and positive domestic equity sentiment. A stronger rupee provides relief on import costs, particularly for crude oil and electronic components — sectors that account for a significant portion of India's import bill.

With geopolitical tailwinds from the ceasefire developments and an improving global risk tone, domestic markets may see consolidation continue through the session. Market participants will closely monitor any further diplomatic signals from the US-Iran dialogue as the week draws to a close. The broader trajectory for Indian equities in the near term remains tied to global cues, foreign institutional investor flows, and the rupee's movement against the dollar.

US War Secretary to Address Press at 6:30 PM Amid Hormuz Blockade

Navy Reports Zero Crossings Since Monday

The United States Secretary of War will brief the media at 6:30 pm Indian Standard Time, even as the US Central Command claims a complete halt to maritime traffic through the Strait of Hormuz for the third consecutive day.

Officials confirmed that 10 vessels attempting to leave Iranian ports have been turned back since the blockade began on Monday. No ship has crossed the strategic waterway since, according to a statement issued by CENTCOM earlier today.

Pentagon Media Briefing

The defence secretary, along with the chairman of the joint chiefs of staff, will face reporters at 8:00 am Eastern Time. The Department of War announced the news conference on social media platform X.

Observers expect tough questions regarding the deployment of naval assets and the economic cost of the ongoing West Asia war. A White House official admitted to Congress that the administration is still calculating the financial impact.

Iranian Warning Over Sea Routes

Tehran has responded with a sharp warning. Iranian leader Mohsen Rezaee stated that Iran will not leave the Strait of Hormuz until its maritime and economic rights are fully protected.

Earlier, Iranian officials had threatened to shut three vital oil supply routes if the US continued its blockade. These include the Red Sea, the Sea of Oman, and the Persian Gulf.

Diplomatic Efforts Intensify

Pakistan’s Army Chief, General Asim Munir, has arrived in Tehran for crucial meetings with Iranian Foreign Minister Abbas Araghchi. Pakistan, Egypt, and Turkey are currently acting as mediators between the two sides.

Simultaneously, US Vice President JD Vance is leading a negotiating team that includes Steve Witkoff and Jared Kushner. They are currently sharing draft proposals with international partners.

Trump Announces Israel-Lebanon Talks

In a post on Truth Social, US President Donald Trump confirmed that a meeting between Iranian and Lebanese officials will take place tomorrow. He stated he was trying to create "breathing room" between Israel and Lebanon.

The president noted that the two leaderships have not spoken directly for nearly 34 years. The announcement comes amid heavy shelling reported in southern Lebanon, where Hezbollah claimed 34 military strikes in the last 24 hours.

Senate Vote Fails Again

A resolution aimed at limiting President Trump’s authority to wage war against Iran failed in the US Senate on Thursday. This marks the fourth time such a measure has been blocked by lawmakers.

According to a BBC report quoting Democratic party sources, opposition leaders plan to introduce similar measures every week, regardless of the outcome.

Impact on Global Supply Chains

The crisis continues to disrupt global trade. Australia has underwritten diesel shipments from Brunei and South Korea to manage price inflation. The United Kingdom faces potential food shortages of chicken and pork by summer if the blockade persists.

Meanwhile, China has formally urged Iran to restore normal navigation through the strait. Chinese Foreign Minister Wang Yi told his Iranian counterpart that reopening the waterway is a unanimous international demand. As this English News Portal India reported earlier, the situation remains fluid with no immediate end to the India News Update on the horizon.