Indian stock markets opened in the green on Tuesday amid stabilising oil prices and de-escalating tensions between Iran and Israel following US President Donald Trump’s intervention.
Both the Sensex and Nifty were trading higher as investors reacted positively to developments in West Asia.
At 9:30 am, the Nifty 50 rose 0.59 per cent or 136 points to 23,259.05, compared to its previous close of 23,123.
The BSE Sensex climbed 511 points or 0.70 per cent, to 74,035.41 against the previous close of 73,524.26.
GIFT Nifty futures were also trading higher at 23,176 points even before the market opened, indicating positive sentiment.
Analysts expect the easing of oil prices to have a favourable impact on investor sentiment, potentially encouraging foreign institutional investors (FIIs) and boosting Foreign Direct Investment (FDI) inflows into the country.
As an emerging market, India relies significantly on FDI for growth and expansion across multiple sectors.
Latest reports confirm that both Israel and Iran have paused their missile and drone attacks, acknowledging a temporary ceasefire, while warning that any further escalation will be met with force.
Despite continued pressure from FII selling, which saw foreign investors offload ₹5,555 crore on Monday, market focus on Tuesday remained on recovery and positive cues from the geopolitical front.
Also read: Sensex tanks 835 points, Nifty down 248 points in early trade
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