Nifty 50 climbs 4.5% in four sessions as Brent drops to US$78–79 a barrel after US-Iran truce

A US-Iran truce has eased regional tensions and pushed Brent crude down from above US$95 per barrel to around US$78–79 per barrel in less than two weeks, a decline of about 15–20%. The slide in oil prices has helped lift India’s Nifty 50 by 4.5% over four sessions, while also supporting the rupee. Market volatility has cooled as well, with India VIX easing to around 13. The report said cheaper crude could ease India’s import costs, inflation pressures and fiscal strain.