<\/p>
Bulls resurrected sentiment on Dalal Street with main indices surging 2-6 percent after an overnight ceasefire between US and Iran ignited widespread buying on Wednesday. Oil crashed, bond yields dipped, metals rose and investors rejoiced the return of risk-on trade globally.<\/p>
Conflict scarred West Asia saw US President Donald Trump, Israeli Prime Minister Benjamin Netanyahu and the Iran\u2019s Islamic Revolutionary Guards Corps pulling themselves back from an Armageddon after the much-discussed ceasefire came into effect immediately.<\/p>
Consequently, equities soared as Crude oil prices tumbled as much as 18 percent on news that the Straits of Hormuz will be open for business within a fortnight and that stranded oil tankers will move.<\/p>
The benchmark Nifty gained 889 points to a 5-week high as investors bought into beaten down valuations and traders scrambled to cover short positions. The rupee gained vs the US dollar.<\/p>
Local stocks and the currency have been worst performers during March as India imports 85 percent of its energy needs with a large percentage coming in via Hormuz. A week before saw the Nifty plunge to a 1-yr as it corrected 15 percent from its most recent peak.<\/p>
Buying frenzy was visible on as investors clawed back 25 lakh crore rupees in market capitalization.<\/p>
The rally was across the board: paint makers, tyre companies, oil retailers, airlines, real estate players, metal producers and auto giants breathed a sigh of relief as rocketing energy costs declined and fractured supply chains healed. Major stocks rose as much as 10 percent.<\/p>
PLAN OF ACTION<\/strong><\/p> Iran and the US have agreed to a 2-week truce as negotiators hammer out peace. For those investors who did not participate in the last four sessions of gains, not much is lost. Markets remain in a buy zone and they can focus on building new portfolios or add to existing ones.<\/p> Analysts suggest piecemeal purchases via monthly SIPs in the following equity schemes:<\/p> * ICICI Prudential Dividend Yield Fund<\/p> * HDFC Flexi Cap Fund<\/p> * Kotak Multi cap Fund,<\/p> * Invesco Small Cap Fund<\/p> * Bandhan Large and Midcap Fund<\/p> Investors should have a large-cap bias and an investment horizon of five to seven years.<\/p> <\/div> Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p> Stock market, Stock market closing, Sensex close, Nifty close, Market closing, Sensex today, Nifty today, Market today, US Iran ceasefire, US Iran ceasefire news#Indian #stocks #boom #guns #fall #silent #West #Asian #ceasefire #oil #plunges #Hormuz #opens1775646162<\/p> ","protected":false},"excerpt":{"rendered":" Bulls resurrected sentiment on Dalal Street with main indices surging 2-6 percent after an overnight ceasefire between US and Iran ignited widespread buying on Wednesday. Oil crashed, bond yields dipped, metals rose and investors rejoiced the return of risk-on trade globally. Conflict scarred West Asia saw US President Donald Trump, Israeli Prime Minister Benjamin Netanyahu […]<\/p>\n","protected":false},"author":1,"featured_media":6107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[2183,8184,22393,1009,22850,13877,1655,22847,16896,22846,6146,988,4196,15118,22845,6145,19549,4729,22844,589,22848,22849,2182],"class_list":["post-6106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-asian","tag-boom","tag-ceasefire","tag-fall","tag-guns","tag-hormuz","tag-indian","tag-market-closing","tag-market-today","tag-nifty-close","tag-nifty-today","tag-oil","tag-opens","tag-plunges","tag-sensex-close","tag-sensex-today","tag-silent","tag-stock-market","tag-stock-market-closing","tag-stocks","tag-us-iran-ceasefire","tag-us-iran-ceasefire-news","tag-west"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/6106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6106"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/6106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/6107"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6106"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}