Indian equities rebounded sharply on June 24, with the Sensex up more than 750 points and the Nifty back above 24,000. RBI Governor Sanjay Malhotra said it was “premature” to discuss rate hikes and that the central bank would stay with a neutral stance. Brent crude fell below $77 a barrel and WTI slipped under $73, while foreign institutional investors were net buyers for a third straight session. The report links the drop in oil prices and expectations of easier policy to a pick-up in risk appetite.

Reliance Industries Limited outlined a proposed listing of Jio Platforms, stepped-up AI infrastructure plans, and new energy projects at its 49th AGM. The stock rose 2.4% to Rs 1,340.90, outperforming the Nifty 50’s 0.5% gain. The move also helped lift the Nifty Oil & Gas index by 1.2%. Several brokerages reiterated “buy” ratings and raised their target prices.

A 60-day US-Iran deal roadmap raised expectations of easing geopolitical risks, pushing Brent crude below $80 a barrel. India’s Nifty and Sensex opened about 0.5% higher, led by gains in oil marketing companies and IT stocks. Analysts said two key drags—tariff-related uncertainty and geopolitical tensions—appear to be fading, supporting a recovery in valuations.

Qatar and Pakistan said the United States and Iran have agreed to a 60-day framework, after a first round of senior talks in Switzerland ended with what the mediators called “encouraging progress.” The U.S. has confirmed Iran will be able to return to international oil markets, with exports expected to recover to more than 1.5 million barrels a day. Brent crude has fallen below $79 a barrel and WTI is below $77 a barrel. The development has eased expectations of geopolitical supply risks, weighing on oil-linked assets.

Right-wing candidate Abelardo de la Espriella held a narrow lead in Colombia’s presidential election, with 49.7% of the vote versus 48.7% for leftist rival Ivan Cepeda. Nearly all ballots had been counted, leaving a margin of roughly 248,000 votes between the two candidates. De la Espriella has pledged to expand the oil and gas industry, end peace talks with armed groups and shrink the state, while Cepeda has campaigned on continuing President Gustavo Petro’s agenda, including a ban on new oil projects.

Senior U.S.-Iran talks in Switzerland ran through Sunday night, focusing on a nuclear deal and the implementation of a Lebanon ceasefire, after Iran publicly threatened a shutdown of the Strait of Hormuz the previous day in response to Israel’s actions in Lebanon. As negotiations continued, Trump issued a hard-line warning calling on Iran to immediately restore free passage through the waterway. The Strait of Hormuz carries about 20% of global seaborne crude oil, and any potential blockage is viewed as a sudden, verifiable supply-disruption risk that can quickly add a geopolitical risk premium to oil prices.

The UK has arrested the Indian captain of the oil tanker SMYRTOS after Royal Navy forces intercepted and boarded the Cameroon-flagged vessel in the English Channel. The ship had departed Russia’s Ust-Luga carrying crude oil and was bound for Port Said, Egypt. Twenty-four crew members from India and Georgia remain on board. The interception is described as the UK’s first UK-led maritime sanctions enforcement operation targeting one tanker from Russia’s 700-ship “shadow fleet.”

A Tesla Model 3 with an automated driving assistance system engaged left its lane and slammed into a home in Katy, Texas around 8 p.m. local time on Friday night, killing a woman inside. The driver, identified as Michael Butler, was injured, and investigators said he showed no signs of intoxication. Authorities have not filed charges as of Saturday afternoon, and the investigation is continuing, according to ABC News.

Donald Trump said in a Truth Social post that Taiwan “stole” U.S. semiconductor factories, arguing that prior administrations allowed the industry to move overseas. He also claimed his second term has driven factory-building efforts involving Nvidia, Apple and Intel. Trump further said the U.S. government backed Intel by taking a 10% stake. The post provided no independently verified details, timelines, or legally binding commitments for the arrangements.