Indian equity benchmarks opened higher on Thursday, supported by a broad rally across Asian markets and a pullback in crude oil prices.
The Nifty 50 index rose 0.43%, with positive breadth evident as 15 of the 16 major indices traded in the green.
The market advance coincided with crude oil slipping to levels seen prior to the escalation of Iran-related tensions, reflecting investor relief as signs of progress emerged in US-Iran peace negotiations.
The retreat in energy costs has helped alleviate pressure on import-dependent economies, while the diplomatic developments have reduced near-term geopolitical risk premiums.
Market participants are interpreting the combination of lower input costs and de-escalating geopolitical friction as supportive for risk assets in the region.
Amid the broader market strength, Osho Krishan of Angel One highlighted specific opportunities, suggesting buying positions in HDFC Bank and Emcure Pharma shares.