Indian markets snap five-day losing streak on easing US-Iran tension, Sensex, NIfty end 1% up
Mumbai, July 27 -- Indian equity markets ended sharply higher on Monday, snapping a five-session losing streak, as easing tensions between the United States and Iran triggered a decline in crude oil prices, boosting investor sentiment globally.
Lower crude prices, which are seen as positive for India's import-dependent economy, along with favourable global cues, supported broad-based buying across sectors. Sectorally, all indices traded in the green, with Nifty IT emerging as the top gainer, surging 2.34 per cent, followed by Nifty Realty, which gained 2.28 per cent.
The Sensex closed at 76,835.78, up 776.01 points or 1.02 per cent, while the Nifty settled at 23,995.95, rising 228.50 points or 0.96 per cent.
Brent crude was trading at ...
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