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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,852. On Wednesday, Indian equity benchmarks ended higher. The NSE Nifty 50 rose 0.17% to close at 23,659.00, while the BSE Sensex gained 0.16% to end at 75,318.39. Both indices had fallen as much as 0.9% earlier in the session before recovering.
Meanwhile, oil prices rose after a sharp fall on Wednesday as US President Donald Trump said Washington was in the “final stages” with Iran. Brent traded above $105 a barrel after dropping 5.6% in the previous session, while WTI was near $99. Traders are tracking talks that could lead to a restart of energy flows through the Strait of Hormuz.
Elsewhere, Asia-Pacific markets traded higher on Thursday. Japan's Nikkei 225 rose over 3% after trade data showed exports grew 14.8% in April, led by semiconductor shipments. South Korea's Kospi gained 6%, while Samsung Electronics climbed more than 6% after workers averted a planned strike following wage talks. SoftBank Group surged nearly 20% after Nvidia's earnings boosted optimism around AI demand. Australia's S&P/ASX 200 advanced 1.66%, while Hong Kong Hang Seng futures traded above the previous close.
