Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely to witness a gap-up opening on April 15, tracking positive cues from GIFT Nifty, which is trading higher around 24,227.50. After a strong rebound in the previous session, the Indian equity market came under pressure on April 13, after recent talks between the US and Iran failed without a deal. At close, the Sensex was down 702.68 points or 0.91 percent at 76,847.57, and the Nifty was down 207.95 points or 0.86 percent at 23,842.65.
Asian stocks tracked Wall Street higher as optimism over renewed US-Iran talks buoyed. The Nasdaq climbed 2%, while the S&P 500 finished up 1% and near its record closing high. The S&P 500 gained 81.14 points, or 1.18%, to finish at 6,967.38. The Nasdaq Composite gained 455.35 points, or 1.96%, to 23,639.08 for its tenth daily advance in a row.
Oil prices fell for a second day on Wednesday on expectations peace talks between the US and Iran may resume. Gold held a gain on optimism that the US and Iran are seeking a negotiated settlement to the war. On April 13, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 1,983 crore, while Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth over Rs 2,400 crore.
