Indian Markets Set to Open Higher as Oil Prices Drop Over 2%

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Indian stock markets were expected to open in positive territory following a decline in global oil prices. Crude oil slipped below the $90 mark, falling over 2% amid reports of a potential US-Iran ceasefire. Lower oil prices tend to benefit import-dependent economies like India by easing inflationary pressures. The development provided a positive cue for benchmark indices Sensex and Nifty ahead of the trading session.

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