MUMBAI : Global markets heaved a sigh of relief on Thursday after the US and Iran stepped away from the brink of war and China confirmed it will sign a trade deal with the US next week. Oil and gold prices fell, while US treasuries traded mixed. Indian markets joined a global rally, with benchmark stock indices gaining more than 1.5%.
Stock markets in India saw the biggest single-day gains in three months, with the BSE Sensex ending at 41,452.35, up 634.61 points or 1.55% and the Nifty closing at 12,215.90, up 190.55 points or 1.58%. Stocks were up across Asian markets, with equity benchmarks in Japan, Taiwan, South Korea, Hong Kong and China up 1.6-2.3%.
In his speech after Iran attacked Iraqi bases housing US troops with a barrage of missiles, US President Donald Trump offered the West Asian country a diplomatic opening.
