Indian equity markets extended their rally in line with global peers as investors welcomed a formal framework for a US–Iran ceasefire agreement and plans to reopen the Strait of Hormuz. Nifty ended the session on a positive note, although gains remained capped as the index traded within a relatively narrow range for most of the day. Technically, analysts say the 24,000 mark remains an important immediate resistance area. A sustained breakout above this range could strengthen bullish momentum and pave the way for a move towards the 24,200–24,400 region.
STATE OF THE MARKETS
