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Indian stocks rebound 1% after five sessions of losses
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Indian stocks rebounded sharply on Monday, with the Sensex and Nifty 50 gaining 1% each, supported by lower oil prices and foreign inflows. The US paused strikes against Iran, easing oil price pressures.
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Indian stocks rebound 1% after five sessions of losses
Indian equities closed higher on Monday, reversing five consecutive sessions of losses, as lower oil prices strengthened the rupee and boosted foreign inflows. The S&P/BSE Sensex and NSE Nifty 50 each advanced 1%, with the US pausing strikes against Iran over the weekend easing oil price volatility. Energy importers benefited from the reduced risk of rupee depreciation, while foreign institutional investors increased their purchases in domestic capital markets. Tata Consultancy Services (TCS) led gains, rising 1.9% after reporting stronger-than-expected quarterly earnings.
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