The record
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- Indian stock markets opened sharply higher on Monday, with the Sensex jumping over 700 points to cross 78,800 and the Nifty rising past 24,500.
- The rally came after US President Donald Trump signalled possible peace talks with Iran, which pushed international crude oil prices down sharply.
- Brent crude fell over 4.8% to around $83 per barrel and WTI dropped 5.3% to $80, easing inflation concerns.
- Cheaper oil lifted investor sentiment, with gains across largecap, midcap and smallcap stocks including Bajaj Finance, Indigo, ITC and Ashok Leyland.
What to watch next
- Outcome of the US-Iran talks Trump said would begin Monday afternoon, with no deadline set for a deal
- Whether crude oil prices sustain their decline or reverse
- Unresolved issues Trump flagged: Iran's nuclear programme, the Strait of Hormuz and regional security
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Indian-language1
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Named India · United States · Iran · Ashok Leyland · Bajaj Finance · Bajaj Finserv · Bombay Stock Exchange · GEShip · IndiGo · ITC · National Stock Exchange · Paytm · Redington · Reliance Power · Suzlon
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