Indian stocks rally as Sensex rises 2% and Nifty gains 1.8%
In short
Indian stocks kept rising for a sixth day. The Sensex gained 2% and the Nifty 50 rose 1.8%, helped by lower crude prices, hopes of easing Iran war tensions, global market gains, foreign buying and strong earnings.
What the reporting says
Indian stocks extended their rally for a sixth session, with the Sensex rising 2% and the Nifty 50 gaining 1.8%, according to Mint Markets. Falling crude prices, optimism over easing Iran war tensions, global market gains, renewed foreign investor buying and encouraging corporate earnings supported the move.
Why it matters
Indian stocks extended their rally for a sixth session, with the Sensex up 2% and the Nifty 50 up 1.8%, according to Mint Markets. The report points to falling crude, easing Iran war-tension hopes, global gains, foreign investor buying and better earnings as the drivers.