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The GIFT Nifty, an early indicator of Nifty 50's performance, 23,967.50. On Wednesday, Indian equity benchmarks recorded their best closing in nearly a year after a temporary ceasefire between the United States and Iran eased market anxiety. The Nifty 50 settled 873.7 points, or 3.78%, higher at 23,997.35, while the Sensex added more than 2,900 points, or 3.95%, to close at 77,562.9.
Meanwhile, oil prices moved higher after Iran accused the United States of violating elements of the two-week ceasefire agreement, raising concerns over fresh disruption to energy supplies. Brent crude futures for June delivery rose 2.52% to $97.14 a barrel. US West Texas Intermediate crude futures for May delivery gained 2.72% to $96.96 a barrel.
Elsewhere, Asia-Pacific markets traded lower as investors reacted to reports that Iran's parliamentary speaker accused the US of breaching the terms of the two-week ceasefire agreement. South Korea's Kospi led the losses, down 0.91%. Japan's Nikkei 225 fell 0.51%, while Australia's ASX 200 slipped 0.12%.