Indian shares look set to open on a buoyant note on Wednesday after crude oil prices plunged on Tuesday following reports about potential peace negotiations between the U.S. and Iran.
With a ceasefire framework still loosely in place and the U.S. attempting to control the Strait of Hormuz, there are increased hopes for diplomatic de-escalation.
Indian stock markets were closed on Tuesday for Dr. Baba Saheb Ambedkar Jayanti.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.