US Iran Truce Hopes Boost Indian Markets Amid Volatile Oil Prices

The domestic equity markets bounced back on Wednesday as investor sentiment improved due to reports of a possible truce between the United States and Iran.

The Nifty 50 opened at 23,064.40, gaining 152 points or 0.66 per cent, while the BSE Sensex rose by 581.67 points or 0.79 per cent to open at 74,650.12.

Ajay Bagga, a banking and market expert, said Indian markets are poised to open in the green but warned that the market holiday tomorrow may lead to volatile and skittish markets.

Crude oil prices showed signs of easing, with Brent crude declining by 4.78 per cent to USD 99 per barrel.