What we know about Global Markets Rally on US-Iran Pause so far

Sensex rose 600 points, Nifty near 23,950.

Easing US-Iran tensions contributed to the market gain.

The rally was supported by positive global cues and buying in heavyweight stocks.

Investor sentiment improved on hopes of de-escalation in the Middle East.

Wall Street saw some relief as oil prices fell, with Brent crude retreating 3.5% to $97.19 a barrel.

S&P 500 rose 40.73 points (0.55%) to 7,449.03; Dow Jones Industrial Average climbed 338.81 points (0.66%) to 52,050.46.

Nasdaq Composite edged up 0.94 point to 25,138.64, remaining broadly flat due to losses in Micron Technology (down 6%) and Broadcom (down 2.3%).

Investors weighed geopolitical tensions, fresh US tariffs on nearly all imported goods, and Federal Reserve policy uncertainty.

Weekly losses continued despite Friday's gains, with concerns over inflation and interest rates remaining central to market sentiment.

Indian stock markets are expected to open higher on Monday.

Crude oil prices fell 5% after US-Iran paused strikes.

Brent crude oil is at $91 per barrel.