--- title: "Indian shares set to pause after rally as Mideast tensions cloud ceasefire optimism" type: "News" locale: "en" url: "https://longbridge.com/en/news/282125068.md" description: "Indian shares are expected to open little changed after a recent rally, as renewed tensions in the Middle East dampen ceasefire optimism. GIFT Nifty futures indicate a stable opening near Wednesday's close. Both Nifty 50 and Sensex rose about 4% on Wednesday due to a ceasefire agreement between the U.S. and Iran, but investor sentiment has turned cautious following Iran's response to Israeli strikes. Market consolidation and profit-taking are anticipated, with attention shifting to upcoming earnings reports from Indian companies." datetime: "2026-04-09T02:40:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282125068.md) - [en](https://longbridge.com/en/news/282125068.md) - [zh-HK](https://longbridge.com/zh-HK/news/282125068.md) --- # Indian shares set to pause after rally as Mideast tensions cloud ceasefire optimism April 9 (Reuters) - Indian shares are set to open little changed on Thursday after a sharp rally in the previous session, as renewed tensions in ‌the Middle East tempered hopes that the Iran-U.S. ceasefire would translate into lasting ‌peace. GIFT Nifty futures were trading at 24,010 as of 8:05 a.m. IST, indicating that the benchmark Nifty ​50 will open near Wednesday's close of 23,997.35. Both Nifty 50 and Sensex rose about 4% each on Wednesday as oil prices slumped after the United States and Iran agreed to a ceasefire, sparking a global market rally.\[.BO\] However, investor sentiment turned cautious on the day after ‌Iran said it would be "unreasonable" ⁠to pursue talks with Washington after Israel pounded Lebanon with its heaviest strikes yet on Wednesday. Conflicting signals ahead of planned U.S.-Iran talks ⁠on Saturday, including Tehran's warning of retaliation, revived fears that the ceasefire may only be a temporary pause. Iran's lead negotiator, Mohammed Bager Qalibaf, said the attacks had undermined the truce and ​intensified ​pressure on Tehran over its nuclear programme. The shift ​in tone weighed on broader markets, ‌with other Asian equities opening about 0.7% lower, even as crude prices hovered below $100 a barrel. \[MKTS/GLOB\] \[O/R\] "After the sharp rally on Wednesday, markets appear to be entering a phase of consolidation and mild profit-taking, a natural response after a strong move," said Ponmudi R, chief executive of Enrich Money, adding that geopolitical risks remained "fluid and unresolved." Back home, attention ‌will now turn to the March-quarter earnings from ​Indian companies, beginning with IT firms later in ​the day, for early indications of ​how the conflict is affecting demand, costs and corporate guidance for ‌fiscal 2027. STOCKS TO WATCH \*\* Info Edge (India) says ​standalone billings in March ​quarter rose 7.4% to 10.57 billion rupees ($114.3 million) \*\* NTPC signs a non-binding deal with France's EDF to jointly development nuclear power projects in India \*\* KEC International ​secures new orders worth ‌25.18 billion rupees \*\* Government approves 260.70 billion-rupee Kamala Hydroelectric project, a joint venture ​between NHPC and the Arunachal Pradesh government ($1 = 92.4790 Indian rupees) (Reporting by Bharath ​Rajeswaran in Bengaluru; Editing by Sumana Nandy) ### Related Stocks - [GIND.US](https://longbridge.com/en/quote/GIND.US.md) - [PIN.US](https://longbridge.com/en/quote/PIN.US.md) - [IND.US](https://longbridge.com/en/quote/IND.US.md) - [02836.HK](https://longbridge.com/en/quote/02836.HK.md) - [NDIA.AU](https://longbridge.com/en/quote/NDIA.AU.md) - [NDIA.US](https://longbridge.com/en/quote/NDIA.US.md) - [1678.JP](https://longbridge.com/en/quote/1678.JP.md) - [IMVP.US](https://longbridge.com/en/quote/IMVP.US.md) - [NFTY.US](https://longbridge.com/en/quote/NFTY.US.md) ## Related News & Research - [BUZZ-Indian shares surge over 3.5% on Iran ceasefire relief; Sensex eyes best day in 5 yrs](https://longbridge.com/en/news/281986186.md) - [RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens](https://longbridge.com/en/news/282441501.md) - [INDIA STOCKS-Indian shares extend gains as US pushes Iran ceasefire plan](https://longbridge.com/en/news/280411494.md) - [Rupee firms tracking Asian peers, forward premiums retreat](https://longbridge.com/en/news/285317734.md) - [BUZZ-India's auto stocks to face earnings pressure as Iran war drives up costs, says J.P.Morgan](https://longbridge.com/en/news/282138385.md)