Sensex rises 776 points as oil prices decline
pre-market1 source ↓written by the desknot a recommendation
- 1.02
- 776.01 points
- 1.02
- 76,835.78
- 0.96 to close
- 228.50 points
- to close
- 23,995.95
- in Brent crude
- 8.2% drop
Indian equity markets rebounded sharply on Monday, with the S&P BSE Sensex up 776.01 points (1.02%) at 76,835.78 and the Nifty 50 gaining 228.50 points (0.96%) to close at 23,995.95. This recovery was driven by an 8.2% drop in Brent crude oil prices to USD 89 per barrel, easing geopolitical tensions in West Asia. Lower oil prices are expected to benefit India's economy by reducing input costs and import bills.
Not investment advice. For informational purposes only.