Sensex, Nifty climb on oil relief as rupee rises 25 paise against US dollar
Indian shares are also set to open higher amid a drop in crude oil prices below $100 per barrel.
The Indian rupee on Monday extended its two-session rally as prospects of a deal between the US and Iran boosted risk appetite.
The currency rose by 25 paise to reach 95.35 against the US dollar in early trade, news agency PTI reported.
Share markets also opened higher amid a drop in crude oil prices below $100 per barrel for the first time in over two weeks on hopes of approaching the end of the war soon. Indian bonds have also risen in light of the announcements of a peace deal framework.
Sensex rose 908.98 points to 76,317.85, while Nifty jumped 262.65 points to 23,977.70.
At 7.42 am, GIFT Nifty futures were trading at 23,952, hinting at a higher opening for the benchmark Nifty 50 above Friday’s close of 23,719.3.
The Indian rupee on Monday extended its two-session rally as prospects of a deal between the US and Iran boosted risk appetite.
The currency rose by 25 paise to reach 95.35 against the US dollar in early trade, news agency PTI reported.
Share markets also opened higher amid a drop in crude oil prices below $100 per barrel for the first time in over two weeks on hopes of approaching the end of the war soon. Indian bonds have also risen in light of the announcements of a peace deal framework.
Sensex rose 908.98 points to 76,317.85, while Nifty jumped 262.65 points to 23,977.70.
At 7.42 am, GIFT Nifty futures were trading at 23,952, hinting at a higher opening for the benchmark Nifty 50 above Friday’s close of 23,719.3.
