Commodities
Indian Stock Markets Soar as Crude Prices Plummet
The Indian stock market bounced back strongly on Monday morning as crude oil prices plummeted and tensions in West Asia eased.
The BSE Sensex jumped 541.41 points, or 0.71 percent, to reach 76,601.19 by 10:48 am, while the NSE Nifty 50 was up 149.90 points, or 0.63 percent, at 23,917.35.
The market sentiment improved after the US and Iran paused military action, reducing fears of an immediate disruption in global oil supplies.
Brent crude, the global oil benchmark, dropped 4 percent to around USD 92.84 per barrel from near USD 102 per barrel four days earlier.