Indian stock market surges over 1% on easing oil prices and US-Iran accord hopes

India's stock markets saw a significant rise of over 1% each following a reported US-Iran agreement that caused oil prices to drop by 8%, sparking optimism among investors. The NSE Nifty 50 and BSE Sensex closed at strong levels as market volatility eased.

May 7, 2026 - 12:00
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Indian stock market surges over 1% on easing oil prices and US-Iran accord hopes
India's stock markets saw a significant rise of over 1% each following a reported US-Iran agreement that caused oil prices to drop by 8%, sparking optimism among investors. The NSE Nifty 50 and BSE Sensex closed at strong levels as market volatility eased.

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