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Markets Set To See Relief Rally Amid Positive Global Cues; Oil Back Above $100/bbl | Opening Bell

Global markets saw strong momentum after Donald Trump announced a five-day halt on US strikes against Iran, claiming Tehran wants to negotiate—though Iran denied any talks. Meanwhile, Benjamin Netanyahu vowed to continue Israeli strikes in Lebanon, including attacks targeting Beirut and surrounding suburbs.

On Wall Street, equities surged with the Dow Jones Industrial Average jumping 600 points, while the S&P 500 and NASDAQ Composite gained about 1%, marking their best session since early February. US futures edged higher following the rally, while the US 10-year Treasury yield slipped to around 4.3%.

Oil prices rebounded after a sharp drop tied to easing Middle East tensions. Brent Crude climbed back above $100 per barrel and West Texas Intermediate traded near $90. Precious metals also stabilized, with Gold and Silver trimming earlier losses.

Asian markets rallied amid hopes of easing geopolitical risks, even as Japan reported core inflation at 1.6% in February, slightly below estimates. Back home, GIFT Nifty indicated a gap-up opening for Indian equities.

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Markets Set To See Relief Rally Amid Positive Global Cues; Oil Back Above $100/bbl | Opening Bell

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