Stock market live updates today: The BSE Sensex and Nifty50 are likely to open on a muted note on Tuesday, following two consecutive sessions of gains driven by optimism around a potential US-Iran peace deal. Crude oil prices rebounded slightly on Tuesday amid concerns over the limited details surrounding the preliminary agreement between the United States and Iran. Traders are also weighing the possibility that restoring normal supply flows through the Strait of Hormuz could take longer than initially anticipated.
Technical Outlook
From a technical perspective, analysts believe the 24,000 level remains a key resistance in the near term. A decisive move above this zone could reinforce bullish sentiment and potentially drive the index towards the 24,200-24,400 range. The Nifty50 closed at 23,854 on Monday, up 1.0%.
Bajaj Broking Bank Nifty Outlook
The Bank Nifty formed a bearish candlestick pattern with a higher high and a lower low, along with a bullish gap below its base, signaling a positive bias. The index witnessed mild profit booking in the second half around the high of April 2026 at 57,456. After a strong rally of 4,800 points in the last ten sessions, some consolidation cannot be ruled out in the coming sessions. The overall bias remains positive, with the index expected to head towards 58,300 levels in the coming sessions, which is the measuring implication of the last four-week range breakout (52,700-55,500). Sustaining above 55,500 will keep the bias positive, and any dips should be viewed as buying opportunities. A decisive breach below 55,500 would negate the positive outlook.
Asian Markets Cautious
Asian equities posted modest gains on Tuesday after a strong rally in the previous session sparked by news of the US-Iran peace agreement. Investor attention has now shifted to a packed week of central bank meetings, including expectations that the Bank of Japan could raise interest rates. Trading across the region adopted a more cautious tone as markets began to move past the initial optimism surrounding the preliminary understanding between Washington and Tehran. Investors appeared to be assessing the practical implications of the agreement rather than reacting to the headline announcement alone.
MSCI's broad Asia-Pacific index excluding Japan advanced 0.2%, supported by strong gains in South Korean stocks. In contrast, Japan's Nikkei 225 slipped 0.2% after recently touching record highs, while S&P 500 futures eased 0.1%.
Sensex Today Live: Investors to Track US-Iran Agreement
Indian equities extended their gains on Monday as improving global risk sentiment and a sharp correction in crude oil prices boosted investor confidence. Market sentiment remained upbeat following reports that the US and Iran have reached an agreement, ending their 15-week conflict and paving the way for the reopening of the Strait of Hormuz. The development eased concerns over global energy supplies and supported risk assets across markets. The Nifty50 advanced 1.0% to close at 23,854.
Broader markets continued to outperform, with the Nifty Midcap100 and Smallcap100 indices rising 1.3% and 1.1%, respectively, reflecting sustained risk appetite and positive market breadth. Sectorally, Realty emerged as the top performer, rallying 4.0%, followed by Consumer Durables (+2.9%), Auto (+2.6%), Metal (+1.8%) and Oil & Gas (+1.5%). The strong performance in domestic cyclical sectors reflected optimism around lower energy costs, improving consumption prospects and supportive economic fundamentals. On the macro front, Brent crude tumbled nearly 5% to around USD 82.9 per barrel, its lowest level since March, providing relief to India's inflation outlook and external balances.
The rupee appreciated 62 paise to 94.45 against the US dollar, while India VIX declined 2.5% to 14.18, signalling easing volatility and a constructive setup for near-term risk appetite. Meanwhile, India's CPI inflation accelerated to 3.9% YoY in May'26 from 3.5% in April, driven by higher fuel and food prices. Transport inflation rose to 1.8%, while food inflation increased to 4.8%. With core inflation firming to 3.9% and the RBI recently raising its FY27 CPI forecast to 5.1%, inflation dynamics remain a key monitorable despite the near-term relief from softer crude prices.
Going forward, investors will closely track the formal signing of the US-Iran agreement scheduled on June 19, crude oil price trends, FII flow dynamics and evolving inflation expectations for further market direction, says Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Brent Futures Edge Up
Oil markets reflected a measured approach. After settling at their lowest level in three months overnight, Brent crude futures edged up 51 cents, or 0.6%, to USD 83.74 a barrel. Shipping companies in both Asia and Europe indicated that confidence in fully restoring traffic through the Strait of Hormuz could take several weeks to rebuild.
Although US President Donald Trump's announcement of an agreement with Iran initially boosted investor sentiment on Monday, it also raised the prospect of renewed tensions between Washington and Israel. Analysts at Westpac described the development as a significant diplomatic achievement that could remove a major source of market uncertainty. However, they cautioned that the agreement's long-term sustainability remains uncertain, noting that several contentious issues, including Iran's nuclear programme, have been left for future negotiations.
On Wall Street, optimism surrounding the deal fuelled a broad rally in both equities and bonds. The S&P 500 climbed 1.7%, while the Nasdaq Composite surged 3.1%. The Dow Jones Industrial Average and the STOXX 600 also finished at record highs.
Bajaj Broking Nifty Outlook
The Nifty formed a bearish candle with a higher high and a higher low and a bullish gap below its base, signaling positive bias and mild profit booking at higher levels around the 24,000 levels. The index continues to sustain above the 20- and 50-day EMAs. Volatility is likely to be high in Tuesday's session on account of the Nifty weekly F&O expiry. The index is expected to consolidate with a positive bias in the range of 23,600-24,100. Immediate bias remains positive above Friday's breakout area of 23,500-23,600. On the higher side, resistance is placed at 24,000-24,100 levels, which is the confluence of the higher band of the last two months' falling channel and the measuring implication of the recent range breakout (23,050-23,550).
Stock market live updates today: Asian equities posted modest gains on Tuesday after rallying in the previous session on news of the US-Iran peace agreement. Market participants shifted their focus to a series of central bank meetings this week, including a widely anticipated interest-rate increase from the Bank of Japan.
Wall Street ended Monday's session with solid gains, with the Dow Jones Industrial Average closing at a record high. Investor sentiment improved after the United States and Iran reached a preliminary understanding to end the conflict in West Asia and reopen the Strait of Hormuz, helping ease inflation concerns as crude oil prices retreated.
The US dollar hovered near a 10-day low as improved risk appetite following the Middle East peace breakthrough reduced demand for safe-haven assets. Investors are now closely monitoring policy decisions from central banks in Japan and Australia to assess whether the agreement has come in time to influence inflation expectations.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
