India's Sensex index opened 788.70 points higher, or 1.01 percent, reaching 78,883.34 points, outperforming other Asian markets. This came after Brent crude oil prices dropped around 5 percent to 83.50 dollars per barrel, following US President Donald Trump's announcement that he had called off plans to attack Iran and that negotiations would begin this afternoon, with Saudi Arabia, the United Arab Emirates, and Qatar having requested the cancellation. The decline in oil prices benefits India, which relies heavily on energy imports. Fourteen of the 16 major industry group indices advanced, while small-cap and mid-cap indices rose 0.7 percent and 0.4 percent respectively.