Indian Markets Set to Open Higher as Crude Oil Drops 5% on US-Iran Truce

Indian stock markets were expected to open on a positive note following a sharp decline in global crude oil prices. Brent crude fell approximately 5% to around $91 per barrel after the United States and Iran agreed to a temporary pause in hostilities. The easing of geopolitical tensions in the Middle East provided relief to energy markets worldwide. Lower oil prices typically benefit import-dependent economies like India by reducing fuel costs and easing inflationary pressures. Both the Sensex and Nifty were anticipated to reflect this optimism at the opening bell.