Indian shares extended their rally
to open higher on Thursday as hopes of a peace deal between the
US and Iran pulled oil prices lowerand lifted sentiment.
The Nifty 50 rose 0.60 per cent to 24,375.55 and the Sensex
added 0.64 per cent to 78,613.37 as of 9:18 a.m. IST.
All 16 major sectors advanced at the open. The broader
small-caps and mid-caps rose 1.1 per cent
each.
Asian markets traded higher, rising 1.2 per cent.
Nifty 50 and Sensex advanced 1.6 per cent on
Wednesday to hit a one-month high after the US said talks with
Iran could resume soon in Pakistan.
Brent crude slipped below $95 on Thursday after reports that
Iran could consider allowing ships to pass through around the
Strait of Hormuz, outweighing concerns over ongoing supply
disruptions.
US President Donald Trump said Israel and Lebanon will
hold talks later in the day, signalling further easing of the
West Asia tensions.