Daijiworld Media Network - Mumbai

Mumbai, Mar 10: Benchmark equity indices in India opened in the green on Tuesday following comments by US President Donald Trump indicating possible de-escalation in the ongoing Iran conflict.

The BSE Sensex rose 379.79 points to 77,945.95, while the Nifty 50 gained 106.40 points to reach 24,134.45 as of 9:28 am.

Market experts said the rebound comes after sharp fluctuations in global crude oil prices, which have been reacting to developments in the West Asian conflict.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said the volatility in crude oil markets has also triggered significant swings in global equity markets.

“The panic reaction in crude prices which took Brent crude to nearly $120 yesterday has reversed this morning, with prices falling to around $89. Such a sharp swing of nearly $30 in a single day reflects the high uncertainty surrounding the impact of the West Asian conflict on global crude supplies,” he said.

Analysts noted that easing oil prices tend to support equity markets like India, which rely heavily on imported crude oil, as lower energy costs can reduce inflationary pressures and improve economic outlook.