India’s Sensex and Nifty bounced back on Monday, ending a five-session losing streak, as crude oil prices fell 5 per cent.
The Sensex opened at 76,608.98, a gain of 549.21 points or 0.72 per cent, while the Nifty added 160.95 points to start at 23,928.40.
The previous close on Friday had both indices at over a month’s low, with the Sensex at 76,059.77 and the Nifty at 23,767.45.
The bounce-back followed a sharp decline in crude oil prices amid easing West Asia tensions, pulling back from a two-month high hit last week.
IndiGo topped the Sensex gainers with a 3.11 per cent rise, followed by Eternal, Infosys, Asian Paints and Bajaj Finance.
Broader indices also advanced, with the BSE Smallcap Select Index up 1.05 per cent to 8,677.49.
(Image: Niyantha Shekhar (CC BY 2.0))
