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Just as it seemed global markets were heading for a prolonged meltdown, a glimmer of geopolitical relief on April 8 sparked a ferocious rally. The announcement of a U.S.-Iran ceasefire window sent investors scrambling back into equities, creating a stunning single-day turnaround. The relief was most visible in Asian markets. India’s Sensex index skyrocketed by nearly 2,919 points (a 3.91% jump) to hit levels not seen in almost 11 months, while the Nifty surged past key resistance levels . The trigger was straightforward: easing tensions led to a 13.24% plunge in Brent crude oil prices, dropping back below $95 per barrel . For oil-importing nations like India, this is a massive macro win—it cools inflation pressure, stabilizes the rupee, and gives the central bank breathing room. US futures mirrored the optimism, with S&P 500 contracts up over 2.6% and Nasdaq futures even stronger, as the VIX "fear gauge" dropped . However, beneath the surface of this rally lies a comple...