Indian Shares Rise as Fed Rate Hike Fears Ease, Oil Prices Pull Back
Indian shares opened higher on Monday, snapping a 25-year losing streak. The gains were supported by easing concerns over aggressive US monetary tightening and a pullback in oil prices. The Nifty 50 rose 0.6% to 22,556.45, and the BSE Sensex gained 0.67% to 72,390.
Indian shares opened higher on Monday after logging their longest weekly losing streak in 25 years, with sentiment supported by easing worries over aggressive US monetary tightening and a pullback in oil prices. 67% to 72,390.