US-Iran war: Gift Nifty jumps over 4.5% after this development. What does it mean for Indian stock market?

Reduced geopolitical risk often translates to lower crude oil prices and a stronger Rupee, benefiting import-dependent sectors and overall market sentiment. This positive global cue could overshadow domestic concerns temporarily.

• •US President Donald Trump asked the Department of Defence to postpone military strikes against Iranian power plants and energy infrastructure for five days.
• •This development sharply sent Gift Nifty futures higher by over 4.5%.
• •Risk flag: The postponement is for five days, implying the threat is not entirely removed.
• •Risk flag: Any change in US stance or Iranian retaliation could quickly reverse market sentiment.