Asian equities rebounded, tracking US stock gains fueled by positive economic data, despite ongoing Iran war uncertainty. South Korea’s Kospi surged 11%, and the MSCI Asia Pacific Index rose 2.8%. Oil prices continued their ascent for a fifth day, while gold advanced as the dollar weakened.
Is Nifty set for a breakout? Analysts see signs of a shift ahead
Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG