Nifty, Sensex jump 1.5% as US-Iran peace deal cools oil prices
Global markets rally as US and Iran reach deal to end war and resume shipping through Strait of Hormuz. Nifty 50 and BSE Sensex surge over 1.5% in early trading, with GIFT Nifty futures indicating a 1.5% increase in Nifty 50. Other Asian markets also see a 2.4% rise, while Brent crude prices drop to $84 per barrel. Countries to sign MOU in Switzerland on Friday.