Sensex Jumps 270 Points, Nifty Up 103 As Oil Prices Retreat

Indian benchmark indices opened sharply higher on Wednesday after signs of easing tensions in the Strait of Hormuz boosted global market sentiment.

Investor confidence improved after US President Donald Trump said vessels passing through the strategic waterway would be facilitated, while US Secretary of State Marco Rubio announced that “Operation Epic Fury” had concluded.

The renewed possibility of a US-Iran peace agreement helped cool crude oil prices, offering relief to markets sensitive to energy price volatility.

Asian markets also traded in positive territory, adding to the upbeat mood.

The Indian rupee opened 27 paise stronger against the US dollar at 95.29.

At the opening bell, the Sensex surged more than 600 points, while the Nifty50 climbed over 200 points as broad-based buying lifted equities.