Indian markets saw a positive opening, mirroring global trends as tensions between the US and Iran eased temporarily. Financial and technology stocks led the gains on the S&P/ASX 200, which closed 0.7% higher. While a fragile truce offered some relief, investors remain cautious due to unresolved issues. Domestic data and global economic cues will be key for further market direction.

Traders are hoping that a fresh year will reinvigorate the local bourse, as they stare down fresh hostilities in the Middle East and Wall Street’s AI jitters.

The Australian sharemarket has opened in positive territory on reports the US and Iran backed away from a fresh escalation that had threatened the fragile ceasefire underpinning…