Market News
3 min read | Updated on June 24, 2025, 07:51 IST
SUMMARY
Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region.
Foreign institutional investors bought shares worth ₹5,592 crore in cash segment on Monday. | Image: Shutterstock
The Indian equity benchmarks are set to stage a gap up opening on Tuesday as indicated by NIFTY futures traded at Gift City in Ahmedabad amid strong global cues. NIFTY futures at Gift City also known as Gift NIFTY futures rose nearly 1% or 228 points to 25,206 after US President Donald Trump announced that Israel and Iran had agreed to a ceasefire.
Asian markets were trading higher after President Donald Trump announced Israel and Iran had agreed to what he called a “complete and total” ceasefire, easing fears that a conflict between the two adversaries might escalate, Bloomberg reported.
Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran’s nuclear facilities, said the accord would begin around midnight US time and is aimed at a lasting end to the fighting.
Following this development stocks across Asia were witnessing buying interest as Japan's Nikkei rose 1.36%, Hong Kong's Hang Seng advanced 1.24%, Taiwan Weighted surged nearly 2% and South Korea's KOSPI jumped 2.71%.
Oil prices tumbled on Tuesday to their lowest level in more than a week following Trump's ceasefire comment, relieving worries of supply disruption in the area.
Brent crude futures fell $2.69 or 3.76% to $68.79 a barrel, after falling more than 4% earlier in the session and touching its lowest level since June 11, according to a report by Reuters.
Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region.
Israel, joined by the United States on the weekend, has carried out attacks on Iran's nuclear facilities, after alleging Tehran was getting close to obtaining a nuclear weapon.
"On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR'," Trump wrote on his Truth Social site.
Abbas Araqchi said early on Tuesday that if Israel stopped its "illegal aggression" against the Iranian people no later than 4 a.m. Tehran time (0030 GMT) on Tuesday, Iran had no intention of continuing its response afterwards.
There have been no reported Israeli attacks on Iran since that time, according to a report by Reuters.
Foreign institutional investors bought shares worth ₹5,592 crore in cash segment on Monday while domestic institutional investors sold shares worth ₹1.874 crore.
In the derivatives segment, FIIs sold index futures worth ₹1,174 crore and bought index options worth ₹13,646 crore.
On technical charts, the index continues to hold support at the 21 EMA level of 24,840, indicating the neutral-to-bullish outlook remains intact for the index. The index also formed an inside bar candlestick pattern, which indicates a neutral stance of the index.
25,000 calls and puts hold the highest open interest, indicating indecisiveness by the options trader on the direction of the index. However, the 25,000 calls witnessed strong open interest addition, indicating resistance for the current expiry.
About The Author