Indian shares rose in early trade on Thursday, tracking gains across Asian peers, as optimism around a possible peace deal between the United States and Iran pushed oil prices lower and strengthened risk appetite among investors.

India’s benchmark equity indices fell more than 1 percent on Friday, weighed down by sharp losses in information technology shares amid weak global cues and concerns about artificial intelligence-driven disruptions.

Indian stock markets remained closed on October 22 for the Bali Pratipada festival, as per the official NSE holiday calendar.