Indian stocks gain as US proposes Iran ceasefire plan

Equity markets in India opened with gains on Wednesday as investors reacted positively to reports that the United States is pursuing a month-long ceasefire in its ongoing conflict with Iran. The proposal, which reportedly includes a 15-point plan presented to Tehran, has fueled optimism regarding a potential de-escalation of regional tensions. As of 9:15 a.m. IST, the Nifty 50 index rose 0.66% to reach 23,064.4, while the benchmark index of BSE Limited, the Sensex, climbed 0.79% to 74,652.01. This upward movement marks the second consecutive session of growth for the domestic indices. The rally was broad-based, with 15 out of 16 major sectoral indices logging gains at the opening bell. Broader market segments also performed well, with small-cap and mid-cap stocks advancing by 1.1% and 1%, respectively. Global market sentiment followed a similar trajectory, as Asian equities increased by 1.4%. In the energy sector, crude oil prices retreated below the $100 per barrel threshold on expectations that any move toward a ceasefire could ease supply disruptions. Regarding the diplomatic efforts, United States President Donald Trump indicated that progress was being made toward a resolution. > Washington was making progress toward negotiating an end to the war. While sources have confirmed the delivery of a settlement proposal to Tehran, authorities in Iran have currently denied that any direct negotiations are taking place.