Indian shares skyrocketed on Wednesday as investors cheered the U.S.-Iran ceasefire announcement and evaluated the Reserve Bank of India's latest monetary policy decision.
The dollar weakened in international markets, bond yields dipped and Brent crude prices crashed 14 percent toward $90 a barrel after the U.S. and Iran agreed to a two-week ceasefire to ensure stability in the region's critical energy corridor.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.