Indian equities are poised for a positive start in Tuesday’s session (June 24, 2025), following the US President Donald Trump’s announcement of a ceasefire between Israel and Iran earlier today.  GIFT Nifty futures as of the last count traded higher by 0.86 per cent at 25,265.

Early today (Indian time), Donald Trump on Truth Social announced that Iran and Israel have agreed on a ‘ “Complete and Total CEASEFIRE” following what he called as the “THE 12 DAY WAR.”

As per Trump’s post, the ceasefire will commence around six hours after his announcement, when both the countries have “wound down and completed their in progress, final missions.”

The agreement outlines a 12-hour initial ceasefire period initiated by Iran, which shall be followed by Israel joining the ceasefire at the 12th hour.

Ever since the war between Israel and Iran broke out, Nifty has failed to cross its June high of 25,222 as the bearish sentiment took over amid the prospect of an increase in oil prices.

India VIX drops

The India VIX index, a measure of market volatility, edged higher by 2.74 per cent to 14.05 levels.

Asian markets

Amid hopes of de-escalation, Asian markets mostly rose in early trade today. The key MSCI Asia ex Japan index traded higher by a sharp 1.78 per cent at 633.3.