Indian stock markets witnessed a strong rebound, with the BSE Sensex rising over 400 points and the Nifty 50 crossing the 24,350 mark. The rally was supported by easing crude oil prices and growing optimism around a possible resolution in the US–Iran conflict.
Crude prices have dropped below $95 per barrel after signals of flexibility from Iran regarding oil shipments. This has significantly reduced concerns about inflation and India’s import bill, boosting investor sentiment.
Market experts believe that if geopolitical stability continues, the rally could sustain. However, they also warn that any negative developments in global politics could quickly reverse gains.
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