Mumbai/IBNS, June 17 -- The Indian stock market witnessed a volatile start on Wednesday before stabilising as investors cheered the US-Iran peace deal, according to media reports.

US-Iran Agreement Boosts Investor Confidence

Market optimism was driven by the reported agreement between the United States and Iran, which has eased concerns over escalating tensions in West Asia.

Investors welcomed signs of geopolitical stability, hoping the deal would reduce uncertainties that had weighed on global financial markets in recent months.

Oil Prices Fall on Supply Expectations

With the Strait of Hormuz reopening and trade routes expected to function normally, market participants anticipate a smoother flow of global oil supplies.

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