Oil Prices Fall As Iran-US Peace Hopes Rise; Gift Nifty Signals Gap-Up Opening

Crude oil prices fell sharply on Thursday on hopes for a proceeding of talks between Iran and the US to end the weeks-long war, causing the West Asia crisis and global energy chaos.

Brent fell sharply to around $105 per barrel, while WTI futures dropped $100 per barrel. This sharp drop reflects a positive sentiment among traders that both parties may come to the negotiation table soon and cease the military operations and resumption of the Strait of Hormuz.

Gift Nifty Suggests Gap-Up Opening

Gift Nifty also suggests a positive opening for Indian equity market, with Sensex and Nifty likely seeing a gap-up start. As of 7:25 AM IST, the index was up 141.5 points, or 0.60 per cent, at 23,806.5. The index touched a high of 23,886.0 and a low of 23,537.5 during the session, while the opening level

stood at 23,838.5.

Peace Talks On Borderline

United States President Donald Trump on Thursday said that the ongoing peace talks with Iran are on the “borderline” between a possible deal and renewed strikes.

Trump, who had earlier stated that the negotiations are in their “final stages”, further warned that the window for diplomacy can shut soon.

“It’s right on the borderline, believe me,” Trump said, while speaking to reporters at Joint Base Andrews, near Washington.

“If we don’t get the right answers, it goes very quickly. We’re all ready to go. We have to get the right answers — it would have to be a complete 100% good answers, and if we do, we save a lot of time, energy and lives,” he added.

Gold, Silver Rise

Following the positive atmosphere, gold and silver prices surged marginally. Gold at the international market traded at $4,559 per ounce with a gain of 0.47 percent, while silver gained half a percent to trade at $76.30 per ounce.

Asian Market Rise Up To 3%

Asian markets rose on the development. Japan’s Nikkei 225 jumped over 3.50 percent or 2,140 points to 61,945, as the country’s exports jumped 14.8 percent year-on-year in April 2026. Kospi also surged 7 per cent or 525 points to 7,733 after witnessing a profit-booking.

Sensex, Nifty End On Higher Note Yesterday

Indian benchmark indices ended marginally higher on Wednesday amid volatile trade. The BSE Sensex gained 117.54 points, or 0.16 per cent, to close at 75,318.39, after touching an intraday high of 75,406.18 and a low of 74,529.41. The index had opened at 74,806.49 against the previous close of 75,200.85.

Meanwhile, the Nifty 50 rose 41 points, or 0.17 per cent, to settle at 23,659.00. The benchmark pared losses after opening at 23,457.25 and moved between 23,690.90 and 23,397.30 during the session. Despite the positive close, both indices remained below their respective 52-week highs.