US markets were positive overnight, especially tech stocks. Nasdaq gained strongly and bond yields also cooled a bit, which helped global markets recover. Asian markets are mostly trading in green this morning and Gift Nifty is showing a strong opening above the 23,550 zone. Biggest thing India needs to watch now is still crude oil. Brent crude is near $106 and that can create pressure if it stays high for long. Markets are also watching updates related to the Strait of Hormuz and the Trump–Xi meeting because any issue in oil supply can affect countries like India heavily. USD/INR is still staying at high levels, so traders may continue focusing more on domestic sectors instead of import-heavy sectors. Nifty closed near 23,412 yesterday. For today, opening looks positive, but banks also need to support the move if market wants to sustain at higher levels.

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