Mumbai: The BSE Sensex jumped 333.39 points to 75,651.78 in early trade on Thursday. The NSE Nifty gained 113.70 points to 23,772.70.
Federal Reserve officials indicated that additional policy tightening could become necessary if inflation continues remaining persistently above the 2% target, according to minutes from the April 2026 FOMC meeting.
The dollar index slipped near 99 on Thursday after reaching a six-week high, as optimism surrounding a possible US-Iran peace agreement weakened safe-haven demand for the greenback.
Gold prices rose above $4,550 an ounce on Thursday, extending gains from the previous session as optimism over a possible US-Iran peace agreement supported market sentiment.
WTI crude futures stabilized above $98 per barrel on Thursday after plunging more than 5% in the previous session, as optimism grew over a possible US-Iran agreement that could restore Middle Eastern oil supply.
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