Markets Rise as Oil Prices Fall After US-Iran Strike Pause

Indian equity markets opened higher on Monday after five consecutive sessions of losses, rebounding from recent declines. The BSE Sensex jumped 566 points to 76,608.66 while Nifty 50 surged 153.60 points to 23,923.30.

The gains were driven by falling crude oil prices following a pause in US-Iran strikes over the weekend. Brent crude dropped 5.05% to USD 91.89 a barrel, while US West Texas Intermediate fell 5.23% to USD 84.64.

The Indian rupee also strengthened, rising 35 paise to 96.18 against the US dollar in early trade. Stocks such as Tata Consumer Products, NTPC, IDFC First Bank, and AU Small Finance Bank gained after their quarterly results boosted market sentiment.