Market Outlook

Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on Friday, tracking strong gains across global markets after optimism grew over a possible peace agreement between the United States and Iran. Investor sentiment improved after US President Donald Trump called off planned military strikes against Iran, raising hopes of a diplomatic resolution to the conflict. Asian markets advanced sharply, while Wall Street posted a strong rally overnight, with all three major US indices recording their biggest single-day percentage gains since 8 April. The positive global cues follow Indian equities closing lower in the previous session amid escalating tensions in the Middle East, which weighed on investor confidence and reduced expectations of a near-term end to the conflict.