May 26: US Strikes Iran Mid-Ceasefire; Nifty Reclaims 24,000

In this episode of BreakOut by 5paisa, we unpack the latest global and domestic market developments shaping today’s trading session. We begin with rising tensions near the Strait of Hormuz after overnight U.S. strikes in southern Iran, even as peace talks between Washington and Tehran continue. We also discuss how the geopolitical uncertainty is impacting crude oil prices and global investor sentiment.Back home, Indian markets extended their rally with the Nifty reclaiming the 24,000 mark, supported by easing crude concerns and positive global cues. We cover early signals from Gift Nifty, key derivatives data, Put-Call ratio trends, India VIX movement, and the latest FII-DII activity that could influence market direction today.Additionally, we take a look at commodity markets, divergent moves in Brent and WTI crude, and performance across major Asian indices including Japan’s Nikkei, South Korea’s Kospi, Hong Kong’s Hang Seng, and Australia’s ASX 200. Tune in for your essential pre-market briefing before the opening bell.