India, June 16 -- Optimism surrounding the preliminary U.S.-Iran deal as well as uncertainty surrounding the actual terms of agreement swayed global market sentiment. Anxiety ahead of the first FOMC under the new Fed Chair also lingered, limiting gains.

Wall Street Futures are trading in mildly positive territory while SpaceX scaled fresh highs. Major benchmarks in Europe are trading on a positive note. Earlier in the day, Asian markets had finished trading on a mixed note.

Dollar Index is trading close to the flatline. Sovereign bond yields mostly declined. However, yields on Japanese bonds climbed amidst the rate hike by Bank of Japan.

Both the crude oil benchmarks have dropped more than 4 percent, further eroding the geopolitical risk...