- US President Trump called off military strikes on Iran after Pakistan's proposal
- The proposal includes a two-week pause and reopening of the Strait of Hormuz
- Trump instructed US forces to stand down following the ceasefire agreement
US President Donald Trump announced that he has called off planned military strikes on Iran after accepting a proposal reportedly put forward by Pakistan. The proposal calls for a two‑week pause in hostilities and the immediate reopening of the Strait of Hormuz. Trump confirmed the decision in a post on Truth Social, stating that he had instructed US forces to stand down, just hours after issuing strong warnings that included references to the “death of a civilisation.”
Get the latest updates on the US-Iran ceasefire here.
For Indian markets, the implications are meaningful. The Nifty is expected to open sharply higher with a gap‑up start, on the basis of GIFT Nifty trading above 3.2% or over 700 points at 23,846.
In this scenario, Fundamental expert Parag Thakkar and Technical expert Kush Bohra, on NDTV Profit's India Market Open, advised investors to start booking their profits today.
Thakkar said that it's important to start selling when there's euphoria in the markets, and that might be today. "You should book short term profits when you get it, and you should buy on dips in quality companies." He added that you cannot look at a structural view in this market regime.
Kush Bohra echoed the sentiment, stressing on his advice of booking profits today. His reasoning is that markets understand and turn a corner when the noise is the loudest. He added that the breadth was massively weak when the market was bottoming out, and that FIIs were also improving their positions in both index and stock futures.
Bohra suggested that if an investor has bought from a long-term or medium-term perspective, he should continue to hold.
ALSO READ: US-Iran Ceasefire: All You Need To Know About The 10-Point Plan To End War
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