Sensex, Nifty hit one-month highs as easing US-Iran tensions and shifting oil prices spark relief rally

What Happened

Indian stock markets rose Thursday as easing US-Iran tensions reduced oil prices. Nifty 50 increased 0.60% to 24,375.55 and Sensex gained 0.64% to 78,613.37. All 16 major sectors advanced. Small-caps and mid-caps rose 1.1% each. Brent crude dropped below $95 following reports Iran may allow ship passage through Strait of Hormuz. Trump announced Israel-Lebanon talks.

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