US-Iran war, Nov. 11 -- US President Donald Trump's remarks that the Iran war is "effectively over" have raised hopes of easing geopolitical tensions in the Middle East, potentially providing relief to global financial markets. The comments could influence investor sentiment towards riskier assets such as equities while also triggering volatility in traditional safe-haven investments such as gold and silver.

For Indian markets, any signs of de-escalation between the US and Iran could be positive, particularly if they lead to a sustained decline in crude oil prices. Lower oil prices could ease India's imported inflation concerns, support the rupee and improve the outlook for corporate earnings.

However, the impact on precious metals coul...