📊 Global Market Update

Advisory Bazaar Info Services

🔹 US equity markets rallied strongly, with major indices closing over 2.5% higher.

🔹 European markets also ended sharply higher, gaining between 2.45% and 4.8%.

🔹 Asian markets are trading with a negative bias today.

🔹 GIFT Nifty is down by around 100 points, indicating a likely opening near 24,000 levels for Nifty.

🔹 The World Bank Group has raised India’s GDP growth forecast for FY 2026–27 by 10 basis points to 6.6%. However, it has flagged risks from ongoing West Asia tensions and elevated global energy prices.

🔹 In its latest South Asia Economic Update, the World Bank highlighted that India continues to support regional growth, driven by strong domestic demand and policy measures like tariff cuts and trade agreements.

🔹 US markets surged on Wednesday after the ceasefire announcement between United States and Iran, boosting global market sentiment.

🔹 However, Asian markets turned cautious after allegations from Iran’s parliamentary speaker regarding violations of the ceasefire terms.

🔹 Oil prices rebounded sharply after a steep fall. Brent Crude is near $97 per barrel, while West Texas Intermediate is also trading around $97, recovering after a 13% drop in the previous session.