India’s BSE Sensex closed about 0.4% higher at 73895.7 on Friday, partly recovering from the previous session’s losses as moderating oil prices revived hopes for a solution to the Middle East conflict. Sentiment remained fragile because of elevated geopolitical uncertainty and continued foreign outflows. US and Iranian negotiators were reportedly examining a phased arrangement under which Tehran would reopen the Strait of Hormuz and Washington would lift its blockade of Iranian ports. Selective buying supported Axis Bank, M&M, Asian Paints, Bajaj Finance and HCL Tech, while Trent, Infosys and Kotak Bank declined. The benchmark still lost about 0.5% over the week.