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India VIX, which measures volatility in markets, eased nearly 21% on Wednesday after Iran and US announced a temporary ceasefire to their raging war in the Middle East, cooling off the skyrocketing rally in oil prices and bringing back risk-on sentiment on Dalal Street, although analysts still advise caution.
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The Reserve Bank of India’s latest policy stance balances optimism on growth with caution on inflation and foreign exchange volatility. Analysts noted the central bank’s FY27 growth projection of 6.9% appears optimistic compared to market expectations, but the measured communication aims to stabilize market sentiment amidst global uncertainties.
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U.S. stock index futures climbed ​on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume.
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European markets surged at the open as a US-Iran ceasefire boosted investor confidence, with Germany’s index jumping sharply.
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Ola Electric shares surged after announcing its in-house developed LFP cell is ready. This development is expected to make electric vehicles cheaper and accelerate their adoption. The new cell will be integrated into Ola products starting next quarter. The company’s Gigafactory is also scaling up, with thousands of vehicles already on Indian roads.
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