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Indian equity benchmarks snapped a four-day losing streak, their longest in two months, with Sensex closing nearly 900 points higher near the 80,000 level and Nifty settling near 24,800, up 1.2%.
During the session, both indices spiked after a Sky News Arabia report on remarks by Iran's deputy foreign minister about abandoning its nuclear programme subject to a US offer. The gains, however, moderated after Bloomberg clarified the remarks were made earlier during talks with the US, before the war broke out.
Elsewhere around the world, S&P 500 futures fell nearly 0.3% early Thursday after the major averages rose in the previous session. Nasdaq 100 futures also slipped 0.3%, while Dow Jones Industrial Average futures dropped 183 points, or about 0.4%. The pan-European Stoxx 600 was down 0.4% shortly after the open as traders tracked Middle East geopolitical developments. UK's FTSE 100 fell 0.3%, Germany's DAX slipped about 0.6%, France's CAC 40 was down 0.5%, and Spain's IBEX dropped 0.4% at the open.
Gold pushed higher, as the war in the Middle East entered a sixth day with no sign of resolution, spurring demand for safer assets. Bullion rose as much as 1.1% to near $5,200 an ounce, before paring some gains as the dollar reversed earlier losses.
Persistent Systems has opened the Melbourne Innovation Centre for enterprise modernisation.
South Korea’s Kospi closed up 9.63% at 5,583.90.
Coal India's shares are trading at a high of 3.73% at around Rs 450.70 apiece.
UBS said a 4% depreciation in the rupee could translate into a 12% to 21% uplift in earnings per share across IT companies, assuming other factors remain unchanged.
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