Will Dalal Street’s recovery run end as US, Iran fail to end war?

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Just as Dalal Street staged a two-day recovery on hopes that US President Donald Trump was signalling a possible end to the Iran conflict, developments over the past 24 hours suggest that a clear resolution remains elusive, keeping global uncertainty elevated. Over the past two sessions, the Sensex has rebounded over 2,500 points and the Nifty nearly 800 points, driven by hopes of easing tensions in West Asia. However, that recovery could be tested on Friday as markets react to fresh developments following Thursday’s Ram Navami holiday. The United States has put forward a 15-point framework aimed at ending the…

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