New Delhi, June 16 (HS): Positive global cues continued to support investor sentiment on Tuesday amid optimism surrounding the reported peace understanding between the United States and Iran. US markets ended the previous session with strong gains, while most Asian indices were trading higher.

Wall Street rallied sharply in the previous session, with the Dow Jones Industrial Average rising 468.77 points, or 0.92 per cent, to close at 51,671.03. The S&P 500 gained 122.83 points, or 1.65 per cent, to settle at 7,554.29, while the Nasdaq surged 795.10 points, or 3.07 per cent, to close at 26,683.94.

Dow Jones Futures were also trading marginally higher in early trade, indicating continued positive momentum.

European markets closed on a mixed note. The FTSE index slipped 0.39 per cent to 10,430.62, while France's CAC 40 advanced 0.40 per cent to 8,384.01. Germany's DAX rose 258.71 points, or 1.04 per cent, to end at 24,894.01.

Asian markets witnessed broad-based buying, with seven of the region's nine major indices trading in positive territory. Gift Nifty was trading marginally higher at 23,933, indicating a positive start for Indian equities.

Among major gainers, Jakarta Composite Index jumped 3.95 per cent to 6,254.97, while South Korea's Kospi advanced 2.12 per cent to 8,727.18. Japan's Nikkei gained 0.67 per cent to 69,785, and Taiwan Weighted Index rose 0.67 per cent to 45,699.43. Singapore's Straits Times Index was also trading higher.

However, Hong Kong's Hang Seng Index declined 1.22 per cent to 24,543, while Thailand's SET Composite Index slipped 0.12 per cent.

Market participants remain focused on global geopolitical developments and their potential impact on energy prices, trade flows and investor sentiment.

---------------

Hindusthan Samachar / Indrani Sarkar