There was an outcry in the market due to the crisis on ceasefire, Gift Nifty fell by 150 points; There was disappointment in Asian markets:

Business Desk: Disappointing signals are coming from global markets today. The news of ceasefire agreement being in danger in Middle East has given investors sleepless nights. There is again an atmosphere of panic (Panic Selling) in the market after allegations of violation of the terms of the agreement by Iran. Its direct impact is also visible on the opening of the Indian market, where Gift Nifty is trading with a huge fall of more than 150 points.

Selling pressure in Asian markets

Thursday morning was very weak for Asian markets. Adding fuel to the fire was the statement by Iran’s Parliament Speaker Mohammad-Bagher Ghalibaf, in which he said that three clauses of the ceasefire resolution have already been violated.

Nikkei of Japan: With a decline of 0.50% at the level of 56,025.

Kospi (South Korea): Huge weakness of 1.27%.

Hang Seng (Hong Kong): Slipped down 0.48%.

Shanghai Composite: Trading with a decline of 0.83%.

US Market: Wednesday’s rally in vain?

Surprisingly, a day earlier on Wednesday, a tremendous rise was seen in the American markets. Buoyed by the ceasefire news, the Dow Jones closed up 1,326 points (2.85%), while the Nasdaq gained 2.80%. Big stocks like Nvidia, Amazon and Apple had a gain of more than 2%. But this morning’s decline in ‘Dow Futures’ and ‘S&P 500 contracts’ is indicating that that momentum is coming to an end.

Crude oil surge and dollar movement

Crude oil prices are on fire again due to tension in the Middle East and partial blockage of the Strait of Hormuz. Brent crude jumped 2.73% to $97.34 per barrel. This rise in oil prices is a matter of concern for import dependent countries like India. At the same time, slight strength is being seen in the dollar index and it is trading at the level of 99.09.

Diplomacy amidst doubt on ceasefire

The White House has announced that Vice President JD Vance will lead the US delegation to Islamabad and the first round of direct talks with Iran will begin on Saturday. However, the situation is different on the ground. Israel has launched a major attack on Lebanon, due to which Iran has threatened to retaliate. Amidst this uncertainty, investors are now turning to ‘safe haven’ assets.