Indian stock markets rose more than 1 percent on Monday as the Nifty index crossed back above 24,000. The gains followed positive global signals including hopes for a US-Iran deal and lower oil prices.
Indian equities surged over 1 percent on Monday. The Nifty reclaimed the 24,000 mark amid optimism about a potential US-Iran agreement that could ease tensions. Oil prices fell below 100 dollars a barrel, supporting the rally.
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Indian stocks and the rupee fell sharply on Wednesday after US President Donald Trump signaled the end of a truce with Iran. Fresh US strikes on Iran and rising oil prices triggered the selloff. Gold and silver prices also extended losses in Mumbai trading.
Indian stock markets surged more than 2 percent on Friday amid expectations of a diplomatic breakthrough between the US and Iran.
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Indian equities rose more than 1 percent on Monday amid optimism over a potential peace deal between the United States and Iran. Broader Asian stocks also posted modest gains following the news. Traders reduced bearish positions as crude oil prices eased.
Dalal Street saw a notable decline with the Indian rupee hitting a record low for the second consecutive day. Key equity indices posted their largest single-day drop in six weeks.
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India's benchmark Nifty index continues to trade in a narrow range amid mixed analyst signals. A bullish market structure remains in place even as resistance levels cap gains.