Dalal Street may witness a relief rally on Wednesday as GIFT Nifty surged nearly 200 points following reports of continued US-Iran peace talks. Despite initial plunges, global markets rallied as oil prices cooled and hopes for a diplomatic resolution emerged, with Wall Street and Asian markets showing gains.
Indiaβs IPO market has slowed amid volatility and weak sentiment, despite a robust pipeline of over Rs 3 lakh crore. Companies are adopting a cautious, tactical approach to listings, while experts see the slowdown as temporary. A recovery in secondary markets and FII flows could trigger a revival, with backlog-driven launches accelerating once sentiment improves and valuations become more realistic.
Shares of Tata Chemicals and Tata Investment Corporation have surged on renewed buzz around a potential Tata Sons IPO, supported by key Tata Trusts trustees. While Tata Investment rose over 19% in five days and Tata Chemicals gained 12%, analysts say one rally is largely sentiment-driven, while the other has stronger fundamentals.
Oil prices dropped as talks between the U.S. and Iran offered hope for de-escalation. This eased worries about supply disruptions from the U.S. blockade of the Strait of Hormuz. Brent and WTI crude futures saw declines. Analysts suggest tight oil balances could keep prices elevated. International bodies urged nations to avoid hoarding energy supplies.
Japanese stocks surged to a multi-month high as hopes for an end to the Iran conflict boosted market sentiment. Oil prices dipped on optimism surrounding ceasefire talks, with U.S. Vice President JD Vance indicating progress.
Oil prices retreated below $100 after fresh signs of US-Iran dialogue despite escalating tensions and a naval blockade. Markets remain volatile as supply disruptions persist and peace prospects stay uncertain. Analysts warn prices could stay elevated, with risks of further spikes if geopolitical tensions prolong and energy flows remain constrained.
LIC has announced its first-ever 1:1 bonus issue, signalling strong financial health and rewarding shareholders. The move will increase liquidity without impacting market capitalisation. Backed by robust Q3 earnings growth, the insurer continues to deliver steady performance, though its stock shows mixed trends in the short and medium term.
Nifty fell 207 points or 0.9% to close at 23,842. Sensex declined 702 points or 0.9% to end at 76,847. Both Nifty and Sensex had declined as much as 2% during the day, but traders covered some of their bearish bets ahead of the financial markets holiday on Tuesday.
NSE Holidays 2026: Domestic stock exchanges NSE and BSE will be shut for trading on Tuesday due to Dr. Ambedkar Jayanti holiday. There will be no trading on NCDEX, while MCX will resume trading in the evening session.
US stocks rose as investors weighed Middle East tensions and hopes of a potential resolution in the Iran conflict. Gains in tech stocks lifted the S&P 500 and Nasdaq, while easing oil prices below $100 supported sentiment. However, cautious trading persisted amid geopolitical uncertainty and mixed corporate earnings reactions.
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