Indian stock markets extended their recovery on Monday, supported by easing tensions in West Asia and a decline in crude oil prices, with both benchmark indices ending in positive territory.
The Nifty 50 index closed at 24,102.90, gaining 89.80 points or 0.37 per cent. The BSE Sensex settled at 77,094.07, up 291.17 points or 0.38 per cent.
Market experts said investors remained focused on developments surrounding the US-Iran negotiations, while lower crude oil prices and strength in key sectors supported overall market sentiment.
On the sectoral front, most NSE indices ended in the green. Nifty Media emerged as one of the top performers, rising 1.42 per cent, while Nifty Pharma gained 1.23 per cent. Nifty IT advanced 0.74 per cent, Nifty Metal rose 0.59 per cent and Nifty PSU Bank gained 0.51 per cent.
Nifty Auto closed 0.34 per cent higher, while Nifty Realty rose 0.22 per cent. Only Nifty FMCG and Nifty Consumer Durables ended the session in negative territory.
Meanwhile, crude oil prices continued to soften, providing relief to investors. Brent crude oil declined 1.87 per cent to USD 79.06 per barrel at the time of filing this report.
Precious metals also witnessed gains on Monday. Gold prices rose more than 1.2 per cent to Rs 1,49,032 per 10 grams for 24 karat gold, while silver prices climbed 1.99 per cent to Rs 2,37,825 per kg at the time of filing this report.
Other major Asian markets also ended higher. Japan’s Nikkei 225 index surged 1.71 per cent to 72,490; Singapore’s Straits Times gained 0.22 per cent to 5,204; Taiwan’s weighted index rallied 2.67 per cent to 47,741, while South Korea’s KOSPI index rose 0.68 per cent to 9,114.
The positive performance across regional markets, coupled with easing crude oil prices and hopes of foreign inflows, helped support Indian equities as investors continued to monitor global geopolitical developments.
(ANI)
