Indian Equities Snap Losing Streak; Nifty Closes Above 22,500
Indian equity indices ended a four-day losing streak on October 5, with the Nifty closing above 22,500 and the Sensex rising 473 points. The rally was driven by falling crude oil prices and broad sector buying, excluding pharma and healthcare.
Indian equity indices ended their four-day losing streak on October 5, with the Nifty closing above 22,500 in a volatile session. The move was supported by weaker crude oil prices and buying across sectors, except pharma and healthcare. The market opened firm on positive global cues and the Nifty extended gains before giving up part of the advance later in the session.