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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,037. On Wednesday, Indian equity benchmarks closed higher, extending gains for the second consecutive trading session. The BSE Sensex ended 1.6% or nearly 1,200 points higher at 75,273 and the NSE Nifty 50 rose as much as 1.7% to 23,306.45. The stock market was closed on Thursday for a public holiday.
Meanwhile, Oil prices fell as tensions eased in the conflict that has lasted nearly a month. West Texas Intermediate crude dropped 1.5% to $93.07 a barrel, while Brent crude futures fell 0.7% to $100.57 a barrel. South Korea's Kospi fell 4.16% to 5,233.06, while Japan's Nikkei 225 declined 1.90%. Australia's ASX 200 was down 0.79%. Shanghai fell 0.95% and Hang Seng declined 0.35%.