Indian shares open marginally higher on US-Iran deal hopes

The BSE Sensex rose ⁠0.55% to 75,732.42.Indian stock markets opened higher on Thursday, amid a steep drop in oil prices over signals that the US and Iran may be nearing a deal to end the Middle East conflict. The BSE Sensex rose ⁠0.55% to 75,732.42, while Nifty 50 saw a 0.72% increase to ​23,830.05 ​as of 9.15 am.The Indian rupee too is set to rise in early trade and is expected to open in 96.66-96.70 range, after having settled at 96.82 on Wednesday. At 7.28 am, GIFT Nifty futures were trading at 23,791.50, hinting at a higher opening for benchmark Nifty 50 than Wednesday’s close at 23,659.

Asian markets gained 2.7% after US President Donald Trump Wednesday said that negotiations with Iran were in their final stages.