Economy
Sensex Surges 700 Points as Global Oil Prices Decline
NDTV17h
THE BRIEF
1
The Indian stock market witnessed a sharp rebound on Monday, with the Sensex climbing 700 points as Brent crude prices dropped below $92 per barrel.
2
The Nifty index crossed the 23,950 mark, driven by positive investor sentiment following the temporary pause in US-Iran military hostilities.
3
Market analysts attribute the rally to easing geopolitical tensions, which have reduced fears of a sustained spike in energy costs for the Indian economy.