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Nifty Set For Gap-Up Open As Iran-Israel Ceasefire Lifts Sentiment; Oil Sinks| Opening Bell Live

Asian markets rise after US President Donald Trump announced that Iran and Israel have agreed to a ceasefire. Iran’s Foreign Minister Seyed Abbas Araghchi refuted claims that Tehran had agreed to a U.S.-brokered ceasefire deal with Israel, while signaling his country was ready to stop hostilities. The GIFT Nifty is indicating a strong start for the Indian market. Meanwhile, The Nifty 50 reversed some of Friday's gains and closed 0.6 percent lower. The index remained within the previous day's range, indicating indecision among bulls and bears, and suggesting consolidation. In the upcoming sessions, the index is expected to remain in the range of 24,800–25,100 until it gives a decisive close on either side. Above 25,100, the level to watch is 25,200, as sustaining above it could open the door for a bullish trend. However, below 24,800, the immediate support is at 24,700, and a break below this level could drag the index toward 24,500, according to experts. Catch Nandita Khemka in conversation with Seth Freeman, Senior Managing Director, GlassRatner-B. Riley, Siddhartha Khemka, Head of Research - Wealth Management, MOFSL, Jay Thakkar, Head - Derivatives and Quant Research, ICICI Securities

first published: Jun 24, 2025 08:42 am