Punjab Newsline | Mumbai
Indian equity markets witnessed strong buying momentum on Thursday morning, with both benchmark indices opening in the green amid positive global cues and easing crude oil prices.
The BSE Sensex opened 414 points higher at 75,732, while the NSE Nifty surged 171 points to begin trading at the 23,830 level.
Why the Market is Rising
The rally comes after US President Donald Trump stated that the ongoing US-Iran peace talks are in the final stage. Following the remarks, crude oil prices reportedly dropped nearly 5% in global markets to around $105 per barrel, offering major relief to investors concerned about inflation and fuel costs.
Lower crude oil prices are considered positive for India, which heavily depends on oil imports. The decline improved overall market sentiment and boosted buying across sectors.
Asian Markets Trade Strong
Asian markets also showed strong momentum on Thursday morning. Investors reacted positively to hopes of easing tensions around the Strait of Hormuz, a key global oil shipping route.
Japan’s Nikkei 225 jumped more than 1%, while South Korea’s KOSPI traded firmly in positive territory.
Australia’s S&P/ASX 200 also gained over 1% during early trade, reflecting broad optimism across Asian equities.
Investor Sentiment Improves
Market experts believe easing geopolitical tensions and falling oil prices could support further gains in global and Indian equities in the near term. Banking, auto, and IT stocks were among the major gainers in early trade.
