Indian equities surged over 1% on Monday, with the Nifty 50 and Sensex climbing significantly. Hopes of a US-Iran peace deal and easing crude oil prices prompted traders to reduce bearish bets, lifting market sentiment. Realty, consumer durables, and auto stocks led the gains as investor anxiety eased.
Indian equities surged over 1% on Monday, with the Nifty 50 and Sensex climbing significantly. Hopes of a US-Iran peace deal and easing crude oil prices prompted traders to reduce bearish bets, lifting market sentiment. Realty, consumer durables, and auto stocks led the gains as investor anxiety eased.
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Mumbai: Indian equities extended gains on Monday, with benchmark indices rising 1% after climbing as much as 1.7% during the session, as hopes of a peace deal between the US and Iran prompted traders to pare bearish bets, while easing crude oil prices lifted sentiment.While the durability of the rally will depend on the finalisation of a deal, analysts said downside risks appear limited for now.The NSE Nifty 50 gained 231 points, or 1%, to close at 23,853.90, after briefly crossing the 24,000 m…
