Indian markets open higher on US-Iran peace deal hopes

Imagine a big market where people buy and sell small pieces of companies — that is the stock market.

On Thursday, that market in India started the day with prices moving up.

People felt hopeful because there might be a peace deal between the United States and Iran.

Companies also said their earnings were better than expected, which made investors happy.

Some types of companies, like medicine and technology makers, saw their prices go up a little.

Others, like car and cement companies, saw prices go down a little.

Investors from other countries sold some shares, while big Indian institutions bought even more shares.

There are reports that Iran and Oman are working on an agreement to end the US-Iran war, which would give Iran control over ships passing through the Strait of Hormuz.

Because of this hope, the price of oil went down a little bit.

Lower oil prices can be good news because fuel and many products might cost less.