Stocks rise as Brent crude drops below $101
pre-market1 source ↓written by the desknot a recommendation
- in Brent crude
- 3.5% drop
- a barrel
- $100.20
- 0.76
- 564.03 points
- 0.76
- 74,858.99
- 0.29
- 67.90 points
Benchmark equity indices closed higher on Monday, driven by a 3.5% drop in Brent crude prices to $100.20 a barrel, easing inflation concerns for oil-importing economies. The Sensex surged 564.03 points (0.76%) to 74,858.99, while the NSE Nifty gained 67.90 points (0.29%) to 23,414.30, marking its fourth consecutive session of gains. This rebound follows six weeks of losses, with the Nifty up 1.3% over the past four trading sessions.
Not investment advice. For informational purposes only.