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As on : 20-Apr-2026
Market Commentary - Foreign Markets
20-Apr-2026     09:23

U.S. Stocks Hit New Record High Amid Iran War Ceasefire Hopes

The US stocks moved further into record territory Friday, with the S&P 500 and Nasdaq locking in a third consecutive record close. Iran said the Strait of Hormuz would stay open to shipping amid a Lebanon ceasefire, sending oil prices tumbling. For the week, the S&P 500 surged 4.53%, the Nasdaq jumped 6.84%, and the Dow added 3.2%. The US stocks have surged over 10% since late March lows, fueled by optimism for an end to the war or measures to avoid a global economic meltdown. WTI crude oil saw a sharp slide to around one and half month low on Friday following news that Iran reopened the Strait of Hormuz to commercial shipping.

INDIAN INDICES

Sensex

77,469.70 703.78 (0.92%)

Nifty

24,177.35 192.00 (0.80%)

GLOBAL INDICES

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NASDAQ
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25,310.86 103.67(0.41%)