US-Iran ceasefire deal: How could falling oil prices impact the Indian stock market?

Indian markets extended their rally for a fourth consecutive session, with the Sensex climbing over 250 points to around 77,050 and the Nifty 50 gaining 55 points near 24,000, driven by a preliminary US-Iran ceasefire understanding to end the Middle East conflict and reopen the Strait of Hormuz. Brent crude slipped 0.28 percent to 78 dollars per barrel and WTI eased 0.3 percent to 76 dollars, easing macro headwinds for India as a large net oil importer. Experts said sustained lower crude could ease inflation, support the rupee, taper FII outflows, and lift corporate earnings growth to 12-15 percent in FY27, benefiting sectors such as paints, plastics, rubber and tyres.