Home / Business / Stock Market / Article / Sensex, Nifty climb over 1pc amid hopes of US-Iran peace deal and falling oil prices

Sensex, Nifty climb over 1pc amid hopes of US-Iran peace deal and falling oil prices

Broad-based buying was seen across sectors, led by auto and banking stocks, while small-cap indices outperformed. Analysts attributed the positive sentiment to lower oil prices, strong corporate earnings and improved currency stability

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Dalal Street cheers crude crash; all sectoral indices trade in green. Representational Image

Dalal Street cheers crude crash; all sectoral indices trade in green. Representational Image

Domestic equity markets traded higher on Monday after crude oil prices slipped below the USD 100-per-barrel mark for the first time in over two weeks amid hopes of a possible agreement to end the US-Iran conflict, with benchmark indices rising over 1 per cent each in early trade. 

Sensex jumped as much as 874 points or 1.15 per cent to touch an intraday high of 76,289 in morning trade, while Nifty climbed 264 points or 1.11 per cent to 23,983.

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