Sensex jumps 400 points, Nifty rises above 24,100 as oil prices cool below $73 per barrel

Indian benchmark indices rallied on Thursday, with the Sensex gaining around 400 points to 77,391.07 and Nifty 50 rising 104 points to 24,126, driven by Brent crude dropping 1.7 percent to about $72.5 per barrel following an initial US-Iran peace deal. The rupee strengthened 22 paise to 94.33 against the dollar and India VIX fell about 3 percent to 13, easing concerns around India's current account deficit and balance of payments. Analysts highlighted supportive global cues and lower crude as bullish factors, though a deficient monsoon and excessive volatility in South Korean markets pose risks.