Business
Sensex, Nifty open higher, ending five-day losing run
The Sensex and Nifty opened higher on Monday, ending a five-day losing run, as crude oil prices fell 5%.
The Sensex and Nifty opened higher on Monday, ending a five-day losing run that had weighed on Indian markets through the previous week.
The Sensex jumped 549.21 points, or 0.72 per cent, to open at 76,608.98, while the Nifty added 160.95 points to start at 23,928.40.
On Friday, the indices had closed at their lowest in over a month, with the Sensex at 76,059.77 and the Nifty at 23,767.45.
The rebound came as crude oil prices fell 5 per cent on easing tensions in West Asia, retreating from a two-month high hit the previous week.
IndiGo led the gainers on the Sensex with a 3.11 per cent rise, followed by Eternal, Infosys, Asian Paints and Bajaj Finance.
Broader markets also gained, with the BSE Smallcap Select Index up 1.05 per cent at 8,677.49.
(Image: Niyantha Shekhar (CC BY 2.0))