Indian stock markets opened higher on Thursday as geopolitical tensions eased. The Nifty 50 rose 0.60 percent to 24,375.55 while the Sensex gained 0.64 percent to 78,613.37. Hopes of a US-Iran peace deal drove the rally, with all 16 major sectors advancing at the open. Broader small-caps and mid-caps each climbed 1.1 percent. Oil prices fell significantly as reports suggested Iran could allow ships through the Strait of Hormuz, easing supply concerns. Brent crude slipped below $95 per barrel. Asian markets also traded higher, rising 1.2 percent overall. The positive momentum follows Wednesday's 1.6 percent gains when markets hit one-month highs after US officials indicated talks with Iran could resume soon in Pakistan. Additional progress emerged as US President Donald Trump signaled further easing of West Asia tensions through upcoming Israel-Lebanon talks.
