What was the immediate impact of US-Iran ceasefire on India?

Sensex and Nifty jumped over 3.5%, adding nearly ₹15 lakh crore to investor wealth in a single session on the announcement of a two-week ceasefire between US and Iran. Oil prices dropped below $100 per barrel due to the reopening of the Strait of Hormuz. The Indian rupee gained ground to touch 92.56 against US dollar in initial trade.