The DAX reached a new all-time high on Thursday, propelled by a sharp decline in oil prices that has alleviated near-term inflation concerns for European investors.

The German benchmark's ascent marks a significant milestone, reflecting a shift in market sentiment as energy costs retreat from the peaks seen earlier in the conflict-driven volatility cycle.

Indian markets led the charge earlier in the session, with the Sensex surging 444 points as traders responded to the pullback in global energy prices.

The rally in Frankfurt comes as global equity markets broadly capitalize on the easing energy pressure.

Indian markets led the charge earlier in the session, with the Sensex surging 444 points as traders responded to the pullback in global energy prices.

This cross-market momentum suggests that the relief in energy costs is being interpreted as a positive signal for corporate margins and consumer spending power across major economies.

The move follows a period of intense volatility, during which oil prices had climbed to their highest levels since the start of the Iran war, according to earlier reports.