Sensex, Nifty open higher amid sharp drop in crude oil prices

Sensex rises over 200 points; Nifty nears 24,350 as oil prices slide. What lies ahead?

On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty…