Indian stocks rise as Sensex gains 2.6% and Nifty 2.4%
In short
Indian stocks rose for a sixth day in a row. The Sensex gained 2.6% and the Nifty rose 2.4%, their biggest one-day jumps in seven months.
Lower crude prices, foreign buying and hopes of less global tension helped push the market higher.
What the reporting says
Indian equities rose for a sixth straight session, with the Sensex gaining 2.6% and the Nifty 2.4% in their biggest single-day advances in seven months. Lower crude prices, renewed foreign buying and hopes of geopolitical de-escalation supported the rally. The broad market move lifted sentiment across sectors including banks and IT.
Why it matters
Indian equities climbed for a sixth straight session, with the Sensex up 2.6% and the Nifty up 2.4% in their biggest single-day advances in seven months. The rally was supported by lower crude prices, renewed foreign buying and hopes of geopolitical de-escalation. The move was broad-based and improved sentiment in the Indian stock market.