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Informist, Wednesday, Apr. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US futures gain 2?ter Trump agrees to ceasefire

 

MUMBAI--0744 IST--Futures tied to major US indices climbed more than 2?ch after US President Donald Trump Tuesday said he had agreed to halt attacks planned on Iranian infrastructure on urging by Pakistani authorities acting as mediators between the US and Iran. Trump agreed to a two-week ceasefire less than two hours before his earlier deadline to Iran set on Sunday to open the Strait of Hormuz, a key global shipping route, or face attacks on civilian infrastructure. Following the ceasefire announcement, crude oil prices fell around 13% and futures related to the Dow Jones Industrial Average, S&P, and the Nasdaq gained 2?ch after the indices ended mixed on Tuesday, recovering from their steep losses earlier in the session. At 0723 IST, the June futures of Brent crude were at $94.70 per barrel.

 

In a post on Truth Social, Trump said that the suspension of attacks was "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz." In a separate statement, Iranian Foreign Minister Abbas Araghchi said that ships would be able to safely pass through the Strait pf Hormuz during the two-week period subject to "coordination with Iran's Armed Forces and with due consideration of technical limitations." These statements came as welcome relief against the panic induced by Trump's earlier threat that, "A whole civilization will die tonight, never to be brought back again."

 

While oil prices have relented on the news of the ceasefire, they still remain around 35?ove pre-war levels. Austan Dean Goolsbee of the Federal Reserve Bank of Chicago said he was worried that the war would push inflation higher and dampen the economy, causing a stagflationary shock and putting the central bank in a bind, CNBC reported. The Labor Department's consumer price index data, set to be released later this week, will provide insight into the extent to which the US-Iran war has impacted inflation.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6616.85	0.1
NASDAQ Composite	22017.85	0.1
Dow Jones Industrial Average	46584.46	(-)0.2

 

(Shruti Nair)

 

US$1 = INR 93.01

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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