Markets end five-day losing run as Sensex jumps 776 points
Indian markets ended a five-day losing run as the Sensex jumped 776 points and the Nifty settled at 23,995.95 on Monday.
Indian markets ended a five-day losing run on Monday, with the Sensex jumping 776 points.
The Sensex closed at 76,835.78, up 776.29 points or 1.02 per cent, while the Nifty gained 229.40 points, or 0.96 per cent, to settle at 23,995.95.
The rally followed a sharp fall in crude oil prices after the United States and Iran paused military strikes, easing concerns of a longer conflict.
IT and bank stocks led the gains, with Eternal and IndiGo among the standout performers.
The move added to a positive start earlier in the day’s trade.
It marks a reversal from five consecutive sessions of losses caused by an earlier spike in crude oil prices.
(Image: Niyantha Shekhar (CC BY 2.0))
Reporting for Hindustan Hunt on news and stories from across India.
