Transcription
Bag Sir, good morning. The good thing is that after many weeks, this has been a week where there haven't been many attacks. In fact, for three days, America and Iran have not attacked each other. Is the halt in attacks a sign of peace? Yes, it is a very big sign. Looking overall, America did not attack for two days. Iran has also indicated that if America does not attack, it is also ready. Secondly, mediation is ongoing between Oman and Iran to find some solution in the Strait of Hormuz. How movement should happen, so this is also positive. Thirdly, they are saying that China has also now come in favor of reconciliation between the US and Iran. And the oil prices have fallen. One reason is that the contract has now shifted from August to September. But on Friday evening, as the market was closing late on Friday in America, Brent came down from $96. Today it is at 92, but that is the September contract. So you have to see that it is near 96. If the August contract were still running, then oil has fallen. US stock futures are up. Asian markets are mixed. There is a slight fall in Japan. But looking overall, Australia and others are all up. Indian Gift Nifty is also indicating that there should be a good opening today. So this hope is quite big. Where we were thinking on Friday when Trump said that I am going to launch a very big attack on Iran. So when we discussed, I had said that the outcome is very binary, either a big attack can happen or perhaps peace talks might begin. It seems the trend is moving towards peace, which is positive for risk assets and quite positive for Indian markets. We are at very oversold levels, our markets should see a bounce. The thing is that the monthly closing is tomorrow. It is the monthly expiry of futures, so volatility will remain. But the trends have definitely become positive due to the halt in attacks. Yes, Swati Ji. Thank you very much, Bag Sir. Once again, we turn to you for the analysis of this entire event.