Mumbai, June 27 -- Indian equity markets appear poised to begin the coming week on a cautiously optimistic note. The ceasefire between Israel and Iran has lifted a major geopolitical overhang, nudging global investors back into risk-on mode. Adding to the cheer, a successful NATO summit and renewed European commitment to defense spending have reassured markets wary of growing US isolationism.

The spotlight has now shifted squarely to the US Federal Reserve and the looming July 9 trade tariff deadline. While Federal Reserve Chair Jerome Powell's recent testimony to the US Senate did not significantly impact market expectations, investor attention remains focused on upcoming US data, and any clarity on reciprocal US tariffs. Both factors c...