Nifty 50 and Sensex rise over 1% amid oil crisis
pre-market1 source ↓written by the desknot a recommendation
- closing
- 23,409
- respectively
- 75,503
- per barrel due
- $105
- to a high
- 1,241 points
- a high
- 75,805
The Indian stock market saw Nifty 50 and Sensex gain over 1% today, closing at 23,409 and 75,503 respectively. The rise was driven by strong performances in the banking, auto, and FMCG sectors, despite crude oil prices remaining above $105 per barrel due to escalating supply risks in the Middle East. Investors are closely monitoring developments in the US-Iran situation.
• Sensex surged 1,241 points to a high of 75,805
• Nifty rallied 351 points to 23,502
• Broader markets underperformed, with Nifty Midcap and Nifty Smallcap ending in the red.
Not investment advice. For informational purposes only.