Sensex Finishes Higher
India’s BSE Sensex closed about 0.8% firmer at 74,894.9 on Monday, halting a two-day losing streak, buoyed by a significant drop in global crude oil prices and the return of foreign fund inflows. Meanwhile, investors remained hopeful that this week’s UN General Assembly could bring diplomatic progress toward a resolution to the Iran conflict, while a partial recovery in oil shipments from Saudi Arabia eased inflation concerns. Among single stocks, UltraTech Cement, HCL Tech, Eternal, Titan, ITC and Tech Mahindra posted the biggest gains, rising between 1.8%-4.1%. On the downside, Bharti Airtel (-1.9%), Power Grid (-1.2%) and Infosys (-1%) were the laggards.
9 on Monday, halting a two-day losing streak, buoyed by a significant drop in global crude oil prices and the return of foreign fund inflows. Meanwhile, investors remained hopeful that this week’s UN General Assembly could bring diplomatic progress toward a resolution to the Iran conflict, while a partial recovery in oil shipments from Saudi Arabia eased inflation concerns. 1%. 2%) and Infosys (-1%) were the laggards.