Indian shares opened higher on Wednesday, rebounding from losses seen in the previous session after reports suggested that Iran is preparing a phased proposal as part of efforts to revive stalled negotiations.
The revised proposal in expected to cover all key issues, with reopening the Strait of Hormuz and the unfreezing of Iranian assets likely to be in focus in the initial phase.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.