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TRADE SET UP

In early trading on Wednesday, April 8, the GIFT Nifty, a predictor of how Indian markets are anticipated to open, increased by up to 800 points.

On Truth Social, US President Trump declared that this would be a “double-sided” truce, contingent on Iran consenting to a prompt and secure reopening of the Strait of Hormuz.

GIFT NIFTY Higher, Nifty Set To Open Near 24,000 On US-Iran 2-week Ceasefire Announcement Impact

GIFT Nifty Trading At A Premium Of Over 800 points

West Asia War | US and Iran have agreed to a 2-week ceasefire, with Donald Trump stating it will be a “double-sided ceasefire.” He also confirmed that US has received a 10-point proposal from Iran as a basis for further discussions. On the other hand, Iran’s National Security Council has termed this a “historic victory,” claiming it successfully compelled the US to consider its framework for de-escalation.

After testing highs of $116.5 per barrel on Tuesday, US crude oil prices have fallen as much as 13% to fall below $100 per barrel as a result of these desperate actions and Trump’s following declaration. Brent crude ended the day 0.5% down at $109 a barrel, giving up all of its early gains.

Some of the stocks to watch out for the day include Infosys, GAIL, Muthoot Finance, SRF and more.

Check The Full List Here 

The market recovered significantly from the day’s lows after a poor start and early fall, and purchasing momentum increased over the middle to late part of the session.

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