Equity benchmarks Sensex and Nifty opened higher in early trade on Tuesday, buoyed by a strong global market rebound and a sharp decline in crude oil prices following US President Donald Trump’s announcement that the war in Iran was nearing an end.
The positive sentiment was evident across the Indian stock market, with the Sensex trading around 400 points higher and the Nifty climbing over 114 points in early sessions.
According to the latest trends, the Nifty was trading at 24,158, while the BSE Sensex stood at 77,963.
The GIFT Nifty futures were pointing to further gains, trading at 24,363 and signalling continued upside for the Nifty 50. A major relief for investors came from the sharp fall in crude oil prices.
Brent crude dropped below $90 per barrel, while US West Texas Intermediate (WTI) crude plunged nearly 10 per cent after Trump’s comments eased fears of prolonged supply disruptions.
The decline provided much-needed respite to markets that had endured a prolonged shock over the past ten days due to escalating tensions and the partial closure of the Strait of Hormuz.
The broader market breadth reflected a strong return of positivity and investor confidence, with gains visible across key indices.
On Monday, the Nifty50 had closed 1.73 per cent — or 422.40 points — lower at 24,028.05, while the Sensex settled 1.71 per cent — or 1,352.74 points — down at 77,566.16.
Wall Street’s overnight rebound and strong performances across Asian markets added further support.
South Korea’s Kospi surged over 5 per cent at the open, while Japan’s Nikkei 225 and Australia’s ASX 200 posted solid gains in early trade.
Also read: Crude oil prices plunge after Trump signals Iran war nearing end
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