Indian benchmark indices opened higher on Thursday, driven by a sharp decline in crude oil prices.
The market rally followed reports from Qatar indicating that the United States and Iran had made "positive progress" in indirect negotiations, easing geopolitical risk premiums in energy markets.
The Nifty 50 gained 0.23%, while the Sensex increased by 0.21% in early trading.
Despite the positive open, traders are bracing for continued sideways movement as the market digests the diplomatic developments.
The moderation in oil prices provided immediate relief to domestic equities, which have been sensitive to energy cost fluctuations and broader geopolitical tensions in the Middle East.
In the equity space, Osho Krishan of Angel One suggested buying shares of CDSL and Indian Hotels on July 2.