Sensex, Nifty Snap Five-day Losing Streak
(RTTNews) - Indian shares rose notably on Monday as concerns over Middle East tensions eased and private sector lender ICICI Bank posted robust Q2 numbers.
Oil prices plummeted nearly 6 percent to hit four-week lows in European trade after Israel's attack on Iran at the weekend avoided oil and nuclear facilities, and Tehran signaled a measured response.
There was no immediate indication that oil or nuclear sites were hit, and Iranian state media said the country's oil industry activities were working normally.
The benchmark S&P/BSE Sensex rose 602.75 points, or 0.76 percent, to 80,005.04, snapping a week-long losing streak on the back of gains across the board.
The broader NSE Nifty index closed up 158.35 points, or 0.65 percent, at 24,339.15, even as a firmer dollar and higher U.S. Treasury yields triggered some profit taking at higher levels.
Among the prominent gainers, Shriram Finance, Adani Enterprises, ICICI Bank, JSW Steel, Adani Ports, Mahindra & Mahindra, Wipro, Tata Steel and Sun Pharma surged 2-5 percent.
Asian Markets Trade Mixed
Sensex, Nifty Set For Weak Start
Japanese Market Significantly Lower
Thai Shares Called Rangebound Again On Tuesday
Australian Market Notably Lower
Win Streak May Continue For Indonesia Stock Market
Hang Seng Expected To Halt Losing Streak
