March 25 (Reuters) – Indian shares opened higher on Wednesday after reports the U.S. is seeking a month-long ceasefire in its war with Iran and has presented Tehran with a 15-point plan, raising hopes that the conflict may ease.
The Nifty 50 rose 0.66% to 23,064.4, while the BSE Sensex added 0.79% to 74,652.01, as of 9:15 a.m. IST. If advances hold, this will be the second consecutive session of gains.
Fifteen of the 16 major sectors logged gains at the open. The broader small-caps and mid-caps added 1.1% and 1%, respectively.
Asian equities rose 1.4%, while oil slipped below $100 per barrel on expectations that any move toward a ceasefire could ease supply disruptions.
U.S. President Donald Trump said on Tuesday that Washington was making progress toward negotiating an end to the war, and a source confirmed the delivery of the settlement proposal to Tehran, Reuters reported. [MKTS/GLOB]
Iran has denied that direct talks are underway.
(Reporting by Bharath Rajeswaran and Vivek Kumar M in Bengaluru; Editing by Sumana Nandy and Mrigank Dhaniwala)