Indian shares open higher on easing oil; autos lead gains
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Indian shares opened higher on May 4, supported by easing oil prices after President Trump announced U.S. efforts to free stranded ships in the Gulf. The Nifty 50 rose 0.79% to 24,196.05, and the BSE Sensex increased by 0.80% to 77,521.93. The auto sector led gains with a 1.7% rise, driven by positive sales data from Hero MotoCorp and Maruti Suzuki. Concerns over crude oil prices, which had surged due to tensions in the Iran war, have eased, with Brent crude dropping to about $109 per barrel.
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