On June 24, 2025, global financial markets surged following the announcement of a ceasefire between Israel and Iran. U.S. President Donald Trump declared a "complete and total" ceasefire, potentially ending the nearly two-week conflict. (Source: News report)
The ceasefire is set to begin at midnight Eastern Standard Time on Tuesday. Iran will initiate a 12-hour ceasefire, followed by Israel. If successful, a full cessation of hostilities will be formalized by Wednesday midnight.
The GIFT Nifty futures indicated a gap-up opening for the Indian stock market, with the Nifty 50 index projected to gain over 229 points. Asian markets also saw gains: South Korea's Kospi rose 2.5%, Taiwan's index increased 2%, and Japan's Nikkei advanced over 1%.
Commodity markets reacted to the easing tensions. Gold prices declined by over 1% to $3,357 per ounce, and silver fell by 0.6%. Crude oil prices also dropped significantly, with WTI futures plunging 3.4% to $66.23 per barrel, and Brent Crude futures decreasing by 1.2% to $68.39 per barrel.
In the U.S., major stock indices closed higher before the news, with the Dow Jones, Nasdaq, and S&P 500 each gaining close to 1%. Technical analyst Om Mehra noted that a sustained move above 25,225 on the Nifty 50 index would confirm bullish strength.
The ceasefire announcement has profoundly impacted global markets, with investors reacting positively to the potential stabilization in the Middle East. Market participants are closely monitoring the situation for long-term implications.