Indian markets face a renewed test from higher oil prices as hopes fade for an imminent US-Iran deal, with President Donald Trump making sweeping new demands on Tehran. Despite these pressures, there is a glimmer of hope as overseas investors appear to be finding reasons again to buy Indian stocks.

Reporting from Mumbai, Alex Gabriel Simon notes the long-awaited inclusion of the BSE in a coveted benchmark index. This potential move could significantly impact the exchange as the NSE gears up for listing.

Market data indicates significant interest from foreign entities. The five-day moving average of net stock purchases is now more than three times the 20-day average, signaling renewed confidence in the Indian equity market.