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As on : 16-Apr-2026
Market Commentary - Foreign Markets
16-Apr-2026     16:35


Nikkei hits record high as tech rally and ceasefire hopes boost sentiment

Japan's Nikkei 225 Index jumped 2.38% to close at 59,518 on Thursday, reaching a new all-time high as optimism grew over a possible end to the Middle East conflict.

Reports suggest the United States and Iran may extend their two-week ceasefire to allow more time for peace talks, even as the Strait of Hormuz remains largely closed due to a dual blockade.

Japanese stocks also tracked strong gains on Wall Street, where solid bank earnings and renewed interest in technology shares lifted markets.

Technology and AI-related stocks led the rally, with gains in SoftBank Group (up 5.1%), Kioxia Holdings (up 4.5%), and Fujikura (up 4.7%).

Daikin Industries surged 9.1% after Elliott Investment Management revealed a stake in the company and pushed for changes to improve shareholder value.

INDIAN INDICES

Sensex

79,273.33 753.03 (0.96%)

Nifty

24,576.60 211.75 (0.87%)

GLOBAL INDICES

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26,487.49 126.41(0.48%)