Helped by easing crude oil prices, pause in US-Iran hostilities and rally in bank stocks, India’s key benchmark indices, Sensex and Nifty 50, snapped their two-day losing run on Tuesday, 9 June. Upbeat global market mood also helped indices gain in today’s session.
The BSE barometer Sensex closed the session at 73,919, up 395 points or 0.54%. Its NSE counterpart, Nifty 50, ended the day 119 points or 0.52% higher at 23,242.
Iran and Israel agreed to halt attacks on each other after an appeal from US President Donald Trump, though Tehran warned it would resume hostilities if Israel continued to hit Hezbollah in Lebanon. Meanwhile, Asian markets rebounded up to 2.5% after Monday’s bloodbath.
Brent crude futures also cooled down to around $93.3 per barrel, compared with $97 ahead of the Indian market close on Monday.
