Benchmark indices ended higher, supported by positive global cues linked to progress in US-Iran peace talks. The NSE Nifty 50 rose 0.98% to close at 23,853.90, up 231 points.The BSE Sensex gained 0.97% to 76,264.33, rising 736.38 points.
Meanwhile, oil prices slumped after US President Donald Trump said Washington had completed an agreement with Iran to reopen the Strait of Hormuz, a key route for global crude shipments. WTI crude futures for July delivery fell 5.76% to $79.99 a barrel, dropping below $80 for the first time since March. Brent crude futures for August delivery declined 5.07% to $82.90.
Elsewhere, European markets traded mostly higher, with Germany's DAX rising 1.42% to 24,985.67 and France's CAC gaining 1.14% to 8,446.46. The STOXX 600 advanced 0.84% to 638.51, while the FTSE 100 rose 0.33% to 10,506.41. Portugal's PSI 20 and Belgium's BEL 20 traded lower.
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