Top.Mail.Ru
empty
 
 

22.06.202610:36:09UTC+00Indian Stocks Rise on Monday

Indian equities finished solidly higher on Monday, supported by improving macroeconomic conditions as key energy prices continued to fall. The S&P BSE Sensex rose 0.4% to 77,095, while the NSE Nifty 50 also gained 0.4% to close at 24,103.

Market sentiment was buoyed by reports that talks between Iran and the United States made progress over the weekend, reinforcing expectations that a longer-term peace agreement could be reached within the next two months. Such a deal would likely ensure uninterrupted energy exports from the Middle East.

Lower crude prices brighten the outlook for the Indian economy by easing inflation expectations and lending support to the rupee, given India’s heavy dependence on energy imports. This, in turn, has helped attract additional foreign inflows into Indian equities.

Technology shares advanced, with Tech Mahindra and Infosys climbing 2.2% and 1.3%, respectively. Financials also moved higher, as Bajaj Finserv, HDFC Bank, and Bajaj Finance gained between 0.5% and 1%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback