Sensex rises 842 points as oil prices decline
after close1 source ↓written by the desknot a recommendation
- to reach
- 842 points
- to reach
- 76,901
- above
- 244 points
- above
- 24,000
- prices
- $90 per barrel
Indian equity markets opened the week strongly, with the BSE Sensex gaining 842 points to reach 76,901 and the NSE Nifty 50 climbing 244 points above 24,000. This rally was fueled by a nearly 7% drop in Brent crude oil prices to around $90 per barrel, following easing military tensions in West Asia. Lower oil prices are expected to help control domestic inflation and reduce the Current Account Deficit, positively impacting corporate margins.
Not investment advice. For informational purposes only.