Overview
- A U.S. official said on Sunday that Washington and Tehran agreed to halt strikes and resume talks in Doha, easing immediate geopolitical risk.
- Brent crude slipped back to roughly $72–73 a barrel after the stand‑down, removing a major near‑term inflation and current‑account worry for India.
- Indian benchmarks have recovered and are trading cautiously positive with the Nifty above 24,000 and the Sensex around 77,000 while facing resistance near Nifty 24,200–24,500 and Sensex 77,800–78,000.
- Provisional exchange data show recent foreign portfolio investor net selling was offset by domestic institutional buying, a flow pattern that heightens short‑term volatility.
- Markets remain vulnerable to fast shifts from US labour data, the Doha negotiations, the start of earnings season and monthly derivatives expiry which could reverse the relief rally.