Stock markets climb in early trade after Trump halts strikes on Iran, hints at deal

MUMBAI: (May 19) Stock market benchmark indices rallied in early trade on Tuesday after US President Donald Trump said he has halted fresh strikes on Iran at the request of Qatar, Saudi Arabia and the UAE, asserting that serious discussions were underway with Tehran that could lead to an acceptable deal.

Buying in frontline IT stocks, Adani group firms and foreign fund inflows also added to the positive trend in equities.

Trump made the announcement on Truth Social on Monday late afternoon.