Quantum Computing and other growth stocks are rallying today on hopes that the conflict between Israel and Iran could de-escalate. Oil prices have moved lower today, which is a good sign on the inflation front.

U.S. stocks closed higher on Monday, as oil prices retreated after the Israel-Iran attacks left crude production and exports unaffected, easing investor concerns about the potential for higher energy prices to stoke inflation.

The bank’s forecast is based on expectations of robust supply growth outside of U.S. shale production. While acknowledging increased short-term upside risks due to Middle East tensions, Goldman Sachs still sees medium-term downside risks stemming from potential OPEC+ supply increases and ongoing uncertainty in global trade conditions.

The Nifty heads into its weekly options expiry session on the back of six straight days of gains, but three factors may prevent a seventh one. First there is the lack of clarity on the "done deal" with China that US President Donald Trump announced last evening.