File photo: Bombay Stock Exchange building, Mumbai. Photo: Niyantha Shekhar (CC BY 2.0)
The Sensex and Nifty snapped a five-day losing streak on Monday, opening sharply higher as crude oil prices fell 5 per cent.
The Sensex opened at 76,608.98, up 549.21 points or 0.72 per cent, while the Nifty crossed the 23,900 mark to open at 23,928.40, a gain of 160.95 points.
Both benchmarks had ended Friday’s session at more than a month’s low, with the Sensex at 76,059.77 and the Nifty at 23,767.45.
The rebound followed a sharp drop in crude oil prices as tensions eased in West Asia, with oil pulling back from last week’s two-month high.
Among the Sensex gainers, IndiGo led with a 3.11 per cent jump, followed by Eternal, Infosys, Asian Paints and Bajaj Finance.
The broader market also gained, with the BSE Smallcap Select Index rising 1.05 per cent to 8,677.49.
(Image: Niyantha Shekhar (CC BY 2.0))
