The Indian stock market opened strongly on the first trading day of the week. The 30-share BSE Sensex opened 357 points higher at 77,160, while the NSE Nifty50 opened 793 points higher at 24,106.
**Asian Market**
The mood of the global market has improved amid the ongoing peace talks between America and Iran in Switzerland. However, Asian markets opened with a mixed trend today due to rise in oil prices. The Japanese market witnessed tremendous growth; The Nikkei 225 index rose 1.82% and crossed the 72,550 level. South Korea’s KOSPI index is also trading with a strong gain of 1.58%. In contrast, Hong Kong’s Hang Seng index is trading 1.5%-2% lower at 23,545.
**American Stock Market**
**Wall Street reopens today after a long weekend; It was closed on June 19 due to the ‘Juneteenth’ holiday. However, futures contracts tied to US equity benchmarks saw a decline before markets opened this morning. S&P 500 futures and Nasdaq-100 futures are trading down 0.4% and 0.6%, respectively. Futures tied to the Dow Jones Industrial Average are down 183 points, or 0.4%. US investors remain cautious ahead of US-Iran peace talks in Switzerland, rising oil prices and inflation data later this week.
**Crude Oil Prices**
**Today, on June 22, crude oil prices are increasing once again in the international market. West Texas Intermediate (WTI) crude futures are trading 2.06% higher at $78.18 per barrel. Meanwhile, Brent crude futures for August delivery are trading 0.83% lower at $81.24, which is above the important psychological level of $80. Crude oil prices on COMEX rose 2.06% to $78.18 a barrel. The recovery in global crude oil prices comes amid Iran’s announcement and US President Donald Trump’s warnings about the possible closure of the Strait of Hormuz.